FUNDING OUR CHILDREN FOR SUCCESS A Strategy for Sustainable and - - PowerPoint PPT Presentation

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Oct 12, 2022 16 likes •346 views

FUNDING OUR CHILDREN FOR SUCCESS A Strategy for Sustainable and Equitable K-12 Finance Reform in South Carolina November 2017 FUNDING OUR CHILDREN FOR SUCCESS A Strategy for Sustainable and Equitable K-12 Finance Reform in South Carolina Why is

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FUNDING OUR CHILDREN FOR SUCCESS

November 2017

A Strategy for Sustainable and Equitable K-12 Finance Reform in South Carolina

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A Strategy for Sustainable and Equitable K-12 Finance Reform in South Carolina

FUNDING OUR CHILDREN FOR SUCCESS

Why is our current K-12 education funding formula failing our children? How can a student- centric, “back-to- basics” approach restore sustainability and equity to our schools? How will it affect the state, individual districts, and our students? What do we need to do to get there?

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FEDERAL FUNDS TIER 2

SC DOR Calculations SC RFA Calculations General Assembly vote

TIER 3 TIER 1 General Fund Education Lottery (2000) Education Improvemen t Act (1984) Education Finance Act (1977) LOCAL FUNDS Act 388 (2006) LOCAL Bonds LOCAL Fees, etc.

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$11,450 $11,484 $11,295 $11,447 $11,805 $11,939 $12,198 $12,794 $12,232 $12,318 $12,095 $11,835 $11,947 $11,985 $12,172 $12,431 $12,695

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EFA 2.0

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District students + Weighted values for exceptional needs students

Foundation Amount

Total District Funding Amount

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District's Total Assessed Property Value Uniform Minimum Millage Rate

District's Minimum Local Effort

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IMPACT

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TRANSITION

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FUNDING OUR CHILDREN FOR SUCCESS

A Strategy for Sustainable and Equitable K-12 Finance Reform in South Carolina