Relative to the calculation of the cost of an opportunity for an adequate education
Impact
The immediate financial implications of SB135 are notable, with an estimated increase in local revenues and state education trust fund expenditures by approximately $45 million for the fiscal year 2022. By using the greater enrollment number, funding calculations will boost financial support for educational institutions. This proposed change aims to ensure that districts with fluctuations in student numbers can still receive adequate funding, thereby fostering a stable educational environment even amidst demographic shifts.
Summary
SB135, introduced in the New Hampshire legislature, focuses on adjusting the calculation of the cost associated with providing an adequate education. Specifically, it mandates that the Commissioner of Education compare the average daily membership in attendance (ADMA) for the school years 2019-2020 and 2020-2021, using the higher figure for fiscal year 2022 computations. This adjustment is significant as it directly influences the financial resources allocated to education within the state.
Contention
While proponents argue that this bill will enhance funding and facilitate better educational opportunities for students across New Hampshire, there may be contention regarding the adjustment methodology. Critics may raise concerns about the fairness of funding allocations, especially for districts that saw a decline in enrollment during the specified years. This could lead to debates around equity in education funding and how the state can address the different needs of varying districts following the implementation of such adjustments.
Relative to the cost of an opportunity for an adequate education, extraordinary need grants, fiscal capacity disparity aid, and determination of education grants.