The bill, beginning fiscal year 2024, will establish a systematic financial structure to empower counties meeting the low-density criteria, which is defined as having a population density of less than 100 and fewer than 2,000 full-time equivalent students enrolled. This initiative highlights an effort to equalize funding disparities across the state's educational landscape, ensuring that even schools in sparsely populated regions receive necessary financial support. By increasing per-pupil funding over the mandated years, the bill addresses both immediate fiscal needs and long-term fiscal sustainability for these institutions.
Summary
Senate Bill 986 aims to provide mandated funding for educational institutions in counties classified as low-density based on specific population criteria. The bill requires the Governor to allocate an annual budget appropriation that reflects a calculated amount, termed as the 'low-density calculation', which is dependent on a county's full-time equivalent student enrollment and its population density. This funding is intended to support counties struggling with low student numbers while ensuring that schools maintain adequate resources despite their geographic and demographic challenges. The legislation sets a clear financial expectation for the state's commitment to education in rural or less populated areas, reflecting a recognition of the unique challenges they face.
Contention
Debates around SB 986 have centered on the sufficiency and sustainability of the proposed funding increases. Proponents argue that the structured increment in per pupil funding, starting from $0.43 per student in fiscal year 2024 and gradually increasing to $7.22 by fiscal year 2031, will provide much-needed financial relief and promote educational equity. Conversely, opponents raise concerns regarding the feasibility of guaranteed funds amidst potential state budget constraints, arguing that depending solely on state appropriations may not guarantee long-term financial stability for low-density counties. Discussions may also reflect apprehensions about how this legislation could alter county-level control over education funding and enhance reliance on state-level decisions.
School funding; State Aid; calculation; increasing percentages of allowable general fund carryover; weighted calculations; effective date; conditional effect.