Upload
jpm66
View
2.244
Download
1
Embed Size (px)
DESCRIPTION
Presentation given at the Mendon-Upton Regional School Committee meeting of 11/7/11
Citation preview
School Funding Basics:State Funding 101
MURSD Regional School CommitteeNovember 7, 2011
What is Chapter 70?
It is the state’s program to provide aid to public elementary and secondary schools
It also establishes a minimum spending requirement for each school district and minimum requirements for each municipality’s share of district cost
One of the hallmarks of Chapter 70 is the establishment of the Foundation Budget
Foundation Budget
History: Established in FY94, modified in FY07
Original Intent: “To develop an adequate- but not excessive- level of funding.” It is a minimum funding level
The Foundation Budget formula looks at 11 different funding categories, 13 different enrollment subpopulations, & geographical location in MA to develop a per pupil budget
The amount varies from district to district: $9,729 is avg for FY12 (high- $11,539 in Boston, low- $7,988 in Marion)… MURSD’s is $8,584 per pupil
Required Local Contribution
Chapter 70 also provides for a Required Local Contribution: based upon 2 factors-
The previous year’s required contribution
The municipality’s wealth (based upon aggregate personal income levels and property valuations)
• DESE has established a target local share of 59% and target aid share of 41%
Net School Spending
Also known as the “Net School Spending Requirement”
Net School Spending =
Required Local Contribution + Chapter 70 Aid
Required Net School Spending =Required Local Contribution + Chapter 70 Aid
MURSD: Local Contribution vs. Ch. 70
AidYear Ch. 70
Funding (%)
Req. Local Cont. (%)
Req. Net Sch. Spend
Actual Net Sch. Spend
FY04 $ 7,820,674 (52.8%)
$ 6,993,990 (47.2%)
$14,814,664 $16,768,757
FY05 $ 8,768,548 (54.4%)
$ 7,359,617 (45.6%)
$16,128,165 $18,651,175
FY06 $ 9,708,625 (55.1%)
$ 7,917,147 (44.9%)
$17,625,772 $20,406,325
FY07 $10,852,173 (56.2%)
$ 8,448,890 (43.8%)
$19,301,068 $22,181,930
FY08 $11,687,998 (56.6%)
$ 8,956,960 (43.4%)
$20,644,958 $24,436,132
FY09 $11,227,445 (54.3%)
$ 9,449,432 (45.7%)
$20,676,877 $23,950,830
FY10 $12,295,995 (54.8%)
$10,147,020 (45.2%)
$22,443,015 $24,501,200
FY11 $11,793,702 (52.7%)
$10,574,513 (47.3%)
$22,368,215 $24,428,996
FY12 $11,857,016 (51.8%)
$11,066,163 (48.2%)
$22,923,179
MURSD Budgets & Net School Spending, FY93- FY11
Actual Net School Spending- MURSD vs. State Avg, FY02-
11
FY02
FY03
FY04
FY05
FY06
FY07
FY08
FY09
FY10
FY11
102.0%
104.0%
106.0%
108.0%
110.0%
112.0%
114.0%
116.0%
118.0%
120.0%
107.6%
112.9%113.2%
115.6% 115.8% 114.9%
118.4%
115.8%
109.2% 109.2%108.7%
109.4%
110.9% 111.3%
113.0% 113.3%114.3% 114.0%
116.2%
MURSDState Avg