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K-12 State Revenue & Funding Presented to MASBO Veteran Clerks Workshop September 12, 2014 By

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K-12 State Revenue & Funding Presented to MASBO Veteran Clerks Workshop September 12, 2014 By Nancy Hall Governor’s Office of Budget & Program Planning. K-12 State Revenue. Guarantee Account State General Fund School Facility & Technology Fund. State Revenue. Guarantee Account.

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Presentation Transcript
slide1

K-12

State Revenue & Funding

Presented to MASBO

Veteran Clerks Workshop

September 12, 2014

By

Nancy Hall

Governor’s Office of Budget & Program Planning

slide2

K-12 State Revenue

  • Guarantee Account
  • State General Fund
  • School Facility & Technology Fund
slide3

State Revenue

  • Guarantee Account
slide4

State Revenue

  • Guarantee Account
  • 20-9-622, MCA
    • state special revenue fund
    • Intent: to statutorily appropriate for distribution to school districts through school equalization aid
slide5

K-12 State Revenue

Guarantee Account

17-2-108. Expenditure of nongeneral fund money first. . . . an office or entity of the executive, legislative, or judicial branch of state government shall apply expenditures against appropriated nongeneral fund money whenever possible before using general fund appropriations.

slide6

State Revenue

  • Guarantee Account
    • SB 175 – Excess interest & income revenue
    • 50% must be reserved for an appropriation in the next regular legislative session as part of the natural resource development K-12 funding payment
    • (b) 50% must be distributed to schools on a per-quality-educator basis
slide7

State Revenue

  • Guarantee Account
    • SB 175 – Excess interest and income revenue
    • NONE in the next three years
    • $48 million per year from state lands revenues
slide8

State Revenue

  • State
  • General Fund
slide9

State Revenue

  • General Fund
    • 40 mills – 20-9-360 – State equalization aid levy
    • 33 mills – 20-9-331 – Elementary equalization
    • 22 mills – 20-9-333 – High school equalization
slide10

State Revenue

  • School Facility &
  • Technology
slide11

State Revenue

  • School Facility & Technology Fund
    • Revenue sources
    • 18m board feet of timber
    • Riverbed leases
    • Expenditures
    • Technology Payment
    • Facility Reimbursement Payments
    • Quality Schools Grant Program
slide13

K-12 Funding

  • BASE Aid
    • Basic & Per ANB Entitlements
    • Quality Educator Payment
    • Indian Education for All Payment
    • American Indian Achievement Gap Payment
    • *At-risk Student Payment
slide14

K-12 Funding

  • BASE Aid
  • SB175
    • Data for Achievement Payment
    • Basic Entitlement increases
    • Inflation
slide15

K-12 Funding

  • How do we calculate?
    • School funding model
    • Shared by OPI, LFD, and OBPP
    • For creating fiscal notes during session
slide17

Reading

  • a fiscal note
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