Provides relative to charter school funding. (7/1/16) (OR SEE FISC NOTE LF EX)
Impact
The immediate effect of SB 293 would be a shift in how funding is calculated for various types of charter schools, following the provisions set out in the MFP. By adjusting the exclusions from local revenues, the state potentially increases the share of local funding that can be allocated to charter schools. This change may help charter schools secure more funding but could also lead to reduced financial resources for traditional public schools if local revenues are redirected.
Summary
Senate Bill 293, introduced by Senator Cortez, aims to amend the current framework for charter school funding in Louisiana. The bill proposes changes to how local revenues are utilized in computing the per pupil amount allocated to charter schools through the Minimum Foundation Program (MFP) formula. Specifically, the bill outlines that local revenues include sales and use taxes, ad valorem taxes, and other specified sources while explicitly excluding portions dedicated to capital outlay, debt service, teacher salaries, and maintenance expenses.
Sentiment
Discussion surrounding SB 293 is likely to be divided among educators, school boards, and advocacy groups. Proponents may argue that the changes bring a more equitable distribution of funds and enhance the operational capabilities of charter schools. Conversely, opponents might express concerns about the potential negative impact on traditional public schools, viewing increased funding to charter schools as potentially detrimental to the financial stability of the public education system as a whole.
Contention
Notable points of contention may arise regarding the effectiveness and fairness of the proposed changes in funding logic. Critics of SB 293 may argue that by favoring charter schools through this funding amendment, the bill undermines the funding available for traditional public schools, potentially exacerbating inequities in the education system. This issue could spark significant debate regarding the allocation of educational resources and the role of charter schools within the Louisiana educational paradigm.
Provides with respect to the payment of UAL and other retirement obligations from MFP to determine state-funded per pupil allocation for charter schools, course providers, and scholarship schools (OR SEE FISC NOTE GF EX)