to Look at School Funding Formula
state House and Senate have passed and sent to the Governor legislation that
establishes a commission to review and make recommendations concerning basic
education funding. It will also make recommendations for a new formula to deal
with the distribution of any future increase in basic education funding.
The commission, which will consist of members
of all four legislative caucuses and representatives of the Department of
Education and the Office of the Budget, will take into account each school
districtís market value/personal income aid ratio, equalized millage rate,
geographic price differences, enrollment levels, local support and other
factors. The commission will hold hearings
and receive input from school districts and charter operators.
General Assembly enacts a new basic education funding formula each year,
usually giving each school district at least the same level of funding as it
received in the prior year. But critics
say this fails to recognize the differing needs of school districts with
increasing or decreasing enrollment levels.