CLICS/CLICS2024A/commsumm.nsf
PUBLIC
BILL SUMMARY For PERSPECTIVE ON MLO MATCH PROGRAM
INTERIM COMMITTEE OVERRIDE MILL LEVY MATCH WORKING GROUP
Date Oct 22, 2024
Location SCR 352
Perspective on MLO Match Program - Committee Discussion Only
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09:40:15 AM |
Brett Johnson, Chief
Financial Officer, Aurora Public Schools, began his presentation providing
a district perspective on the MLO Match program, which can be found as
Attachment C. He discussed the relationship between the state share and
local share, the history of the state's K-12 financial obligation and the
rise of the budget stabilization factor, and the need for school district
tax parity.
He reviewed the range that different taxpayer communities need to pay to
achieve one additional mill, which leads to serious disparities among what
taxpayers are asked to pay to achieve additional dollars. He explained
that one mill on a statewide average basis produces approximately $216
per pupil, but that districts vary greatly between what they pay for additional
mills and how that translates to additioal per pupil funding amounts.
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09:53:11 AM |
Mr. Johnson reviewed
ideas for potential solutions to create more parity and equalization. He
answered questions from the committee. Committee discussion ensued.
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