This part of the assignment was valuable as we investigate the nuts and bolts of finance. Clearly, there have been many attempts at helping districts to secure a financial base in a fair manner. With economic concerns on every level, this becomes more difficult, especially when we consider increasing wages, building and maintenance costs, fuel, and utilities, let alone books and educational materials. As someone who worked in a more isolated rural community, it is important for small districts to have options and flexibility to be able to come up with unique solutions that will work for them.
EDLD 5342 Week 1-Assignment 1, Part 2
Critical Issues in State Funding
1) Tier 1 is figured on student ADA, special program participation and location of the district. Schools receive first the.86 in tax effort per student from the State. In an effort to equalize distribution of funds, the formula make allowances for small, poor and rural districts that may not have the same tax base. It also amplifies the need to ensure attendance efforts of schools so they can reap maximum benefits.
2) The transportation allotment becomes critical for many districts as transportation costs are often one of the most expensive components of a district’s budget. This is a budget item shared between the district and the state and since it is based on ridership, it encourages districts to minimize routes to be be more cost effective.
3) The small district adjustment is also critical since it attempts to help smaller, rural districts so they do not have to consolidate. This gives a smaller district an opportunity to operate more independently.
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