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7CB6BCF321DEE2F887258BD40058D5C4 Hearing Summary




PUBLIC
BILL SUMMARY For DISCUSSION OF DISTRICT SURVEY RESULTS

INTERIM COMMITTEE  OVERRIDE MILL LEVY MATCH WORKING GROUP
Date Nov 13, 2024      
Location SCR 357



Discussion of District Survey Results - Committee Discussion Only
09:10:22 AM  
The working group
discussed the district survey results and how those results should inform
the working group's recommendations. They spoke about the need for reliable
funding, an inverted size factor versus tiered system approach, awarding
a minimum funding amount, and how to target districts that really need
the extra funding to ensure that the program's intent is being fulfilled.




They continued to discuss proportionate funding based on the amount of
money available, the need to make the formula simpler, to target more dollars
to rural and small rural districts, and focus on tax parity between districts.
09:33:35 AM  
The group talked
about that fact that mill levy overrides have become a necessary source
of funding for some districts and how to rework the formula in terms of
minimum and ceiling funding amounts.
09:50:30 AM  
The committee learned
that $15.7 million is appropriated for the 2024-25 school year. Thomas
Rosa, LCS, pulled up the data tool and ran some examples using different
maximum ceiling percentages and minimum base funding amounts to show the
group members the various impacts on different districts.
10:09:12 AM  
The working group
continued to discuss how to change the minimum amount, maximum percentage,
and whether to consider federal impact aid in the formula.



The group discussed what they would like to see in an alternate model that
LCS will build before the next meeting, based on the average revenue generated
per pupil per mill.






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