| School Funding |
|
|
|
| Written by Sue Jeffers |
| Tuesday, 09 February 2010 09:14 |
|
We hear over and over the state of MN is broke. Legislators and the governor are already preparing to borrow another billion dollars for a bonding bill to reward a some of the states cities with community centers, zoo upgrades and union jobs. Our public servants are deceptively calling it a jobs bill. There is also a $2 billion school funding bill on the table (did they forget we are broke?) and millions for higher ed projects. The basic general education formula for 2009-10 is $5,124 per pupil unit. Basic general education revenue plus several additional components (basic skills, extended time, secondary sparsity, elementary sparsity, operating capital, transportation sparsity, equity revenue, training and experience, transition and referendum) make up total general education revenue. Example - General Education Program Revenue Gopherville School District ($ per pupil unit) Number of Pupil Units * = 1,000 Basic Revenue = $5,124 Extended Time Revenue = $20 Gifted & Talented Revenue = $12 Basic Skills Revenue = $30 Secondary Sparsity Revenue = $10 Elementary Sparsity Revenue = $0 Operating Capital Revenue = $194 Transportation Sparsity Revenue = $62 Equity Revenue = $107 Training & Experience Revenue = $8 Alternative Compensation Revenue = $225 Transition Revenue = $16 Referendum Revenue = $425 General Education Revenue = (Basic Revenue + Extended Time Revenue + Gifted & Talented Revenue + Basic Skills Revenue + Secondary Sparsity Revenue + Elementary Sparsity Revenue + Operating Capital Revenue + Transportation Sparsity Revenue + Equity Revenue + Training & Experience Revenue + Alternative Compensation Revenue + Transition Revenue + Referendum Revenue + One-Time Revenue) x Pupil Units = ($5,124 + $20 + $12 + $30 + $10 + $0 + $194 + $62 + $107 + $8 + $225 + $16 + $425) x 1,000 = $6,233 x 1,000= $6,233,000 http://www.house.leg.state.mn.us/fiscal/files/09fined.pdf Cross-posted at Sue Jeffers' KTLK Blog. |






