A joint House of Representatives and Senate committee unveiled a new version of Governor Sean Parnell's education bill Wednesday. The panel is scheduled to finalize the bill Thursday and send it to the full legislature for approval.

The revised bill puts funding back into the per-student funding formula known as the Base Student Allocation.  The BSA would increase by $150 from $5,680 to 5,830 effective July 1st 2014.

It would increase by another $50 in 2015, and $50 again in 2016.

The committee also added $150 million outside the BSA that will be distributed among school districts statewide.