The bill proposes that local school districts will pay charter schools for each student enrolled, aligning the payment structure with state education program funding. Specifically, payments will be calculated based on both ad valorem tax receipts and average daily membership data from the local district. This change is intended to create a more equitable distribution of education funds, benefitting students enrolled in charter schools and ensuring that funding reaches those institutions when students are enrolled.
Summary
Senate Bill 2675 aims to amend Section 37-28-55 of the Mississippi Code of 1972 to modify the formula used for calculating pro rata ad valorem funds paid to charter schools by local school districts. This amendment is designed to ensure that funding for charter schools is equitable and reflective of the financial contributions made by local districts. Under the new calculation method, charter schools will receive payments based on the average daily attendance and local district contributions, providing a clearer link between local funding and charter school enrollment.
Contention
One notable point of contention surrounding SB2675 involves the equity of funding between traditional public schools and charter schools. Critics may argue that changes in the funding formula could negatively impact local public schools, potentially diverting essential funds needed to support their operations. Proponents of the bill, however, maintain that it addresses fairness in funding, ensuring that charter schools, which serve a significant number of students, receive adequate financial support directly related to their enrollment levels. The discussions and voting history around this bill indicate a substantial debate on how best to allocate limited education resources.
Additional elements
Furthermore, the bill stipulates that payments must be made by specific deadlines, enhancing the timely disbursement of funds. This is particularly crucial for the operational stability of charter schools, which often rely heavily on accurate and timely funding. By establishing clear expectations for payment timelines, SB2675 seeks to streamline the funding process and enhance the overall efficiency of charter school funding mechanisms.