School Budget Basics- State Funding 101

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Presentation given at the Mendon-Upton Regional School Committee meeting of 11/7/11

Presentation given at the Mendon-Upton Regional School Committee meeting of 11/7/11

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  • Note that NSS is close to Foundation Budget…
  • Note how percentages are changing, only a $63,000 increase in Chapter 70 Aid while Req Local Contrib went up by almost $500,000

Transcript

  • 1. School Funding Basics: State Funding 101MURSD Regional School CommitteeNovember 7, 2011
  • 2. What is Chapter 70? It is the state’s program to provide aid to public elementary and secondary schools It also establishes a minimum spending requirement for each school district and minimum requirements for each municipality’s share of district cost One of the hallmarks of Chapter 70 is the establishment of the Foundation Budget
  • 3. Foundation Budget History: Established in FY94, modified in FY07 Original Intent: “To develop an adequate- but not excessive- level of funding.” It is a minimum funding level The Foundation Budget formula looks at 11 different funding categories, 13 different enrollment subpopulations, & geographical location in MA to develop a per pupil budget The amount varies from district to district: $9,729 is avg for FY12 (high- $11,539 in Boston, low- $7,988 in Marion)… MURSD’s is $8,584 per pupil
  • 4. Required Local Contribution Chapter 70 also provides for a Required Local Contribution: based upon 2 factors-  The previous year’s required contribution  The municipality’s wealth (based upon aggregate personal income levels and property valuations)• DESE has established a target local share of 59% and target aid share of 41%
  • 5. Net School Spending  Also known as the “Net School Spending Requirement” Net School Spending =Required Net School Spending+ Chapter 70 Aid Required Local Contribution =Required Local Contribution + Chapter 70 Aid
  • 6. MURSD: Local Contribution vs. Ch. 70 AidYear Ch. 70 Req. Local Req. Net Actual Net Funding (%) Cont. (%) Sch. Spend Sch. SpendFY04 $ 7,820,674 (52.8%) $ 6,993,990 (47.2%) $14,814,664 $16,768,757FY05 $ 8,768,548 (54.4%) $ 7,359,617 (45.6%) $16,128,165 $18,651,175FY06 $ 9,708,625 (55.1%) $ 7,917,147 (44.9%) $17,625,772 $20,406,325FY07 $10,852,173 (56.2%) $ 8,448,890 (43.8%) $19,301,068 $22,181,930FY08 $11,687,998 (56.6%) $ 8,956,960 (43.4%) $20,644,958 $24,436,132FY09 $11,227,445 (54.3%) $ 9,449,432 (45.7%) $20,676,877 $23,950,830FY10 $12,295,995 (54.8%) $10,147,020 (45.2%) $22,443,015 $24,501,200FY11 $11,793,702 (52.7%) $10,574,513 (47.3%) $22,368,215 $24,428,996FY12 $11,857,016 (51.8%) $11,066,163 (48.2%) $22,923,179
  • 7. MURSD Budgets & Net School Spending, FY93- FY11
  • 8. Actual Net School Spending-MURSD vs. State Avg, FY02-11120.0% 118.4%118.0% 115.6% 115.8% 115.8%116.0% 114.9% 116.2% 113.2%114.0% 112.9% 114.3% 114.0% 113.0% 113.3%112.0% 111.3% 110.9%110.0% 109.4% MURSD 108.7%108.0% 107.6% 109.2% 109.2% State Avg106.0%104.0%102.0%