Action Alert – March 4 – SB 277 with information from Derby

Action Alert – Call Dee Heideman at 785-296-3775, Senate Ways & Means Committee Assistant
SUPPORT – Funding Levels for Local Budget Authority with Equalization SB277. The bill would extend funding the local option authority with state equalization at $4,433 per pupil thru 2019. Current calculation rate is set to expire June 30, 2014 and drop to the current base state aid rate of $3,838, which is a cut of $595 per student. Districts could lose millions. Hearing: scheduled Wed, March 5 at 10:30 am.
**ACTION ALERT** LOB hearings will be Wednesday of next week. Here is info from your budget packet about the impact on Derby:
Supplemental General Fund or LOB – Due to legislation passed in 2009, the district has been able to maintain its LOB at the same levels utilizing a BSAPP of $4,433 (the BSAPP in 2009). However, there has been a reduction in equalization funding provided by the state and therefore, local property taxes have gone up. This provision that was put into place by the legislature in 2009 is due to sunset on June 30, 2014 unless the legislature agrees to extend it. If it expires this June, USD 260 would lose approximately $1.5 million in operating money.

Rally now so the school doesn’t have to cut $1.5!

No Comments Yet.

Leave a comment

You must be logged in to post a comment.