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Western ND School District Funding Information Session July 17, 2013 Comfort Inn Bismarck, ND New State School Funding

Western ND School District Funding Information Session July 17, 2013 Comfort Inn Bismarck, ND New State School Funding Model. ND Department of Public Instruction School Finance Jerry Coleman ( 701)- 328-4051 jcoleman@nd.gov. Foundation Aid Formula. K-12 Education Equity and Adequacy

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Western ND School District Funding Information Session July 17, 2013 Comfort Inn Bismarck, ND New State School Funding

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  1. Western ND School District Funding Information SessionJuly 17, 2013Comfort InnBismarck, ND New State School Funding Model ND Department of Public Instruction School Finance Jerry Coleman (701)-328-4051 jcoleman@nd.gov

  2. Foundation Aid Formula • K-12 Education Equity and Adequacy • Permanent Property Tax Relief • Main principle – every student in elementary and secondary education in North Dakota should have a base of financial support that is adequate to allow the district to provide a quality education, regardless of where the student lives or how much taxable valuation is available to the local school district. • Per student rates: $8,810 and $9,092

  3. Property Tax Component • Ends the mill levy buy down program yet provides an additional 50 mills of property tax relief on top of the 75 mills currently provided. • Severs the relationship with property valuation changes. • Provides a base level of funding necessary to educate students to state standards from a combination of state and local taxes.

  4. Levy Authority Rewrite • New General Fund cap of 70 mills. • New Misc Fund levy of 12 mills. • Special Reserve Fund maintained. • Up to 3 mills • Balance cannot exceed 15 mills • Excess balances transferred on July 1 • Building Fund • Sinking and Interest levies, including repealed sections.

  5. Levy Limitations • For taxable year 2013 only • Establish a baseline amount by multiplying 2013 taxable valuation by the sum of 60 mills plus the number of mills levied under former sections 57-15-14.5 (technology) and 57-15-17.1 in 2012. • Example: If the district levied 5 mills for technology and 7 mills for remodeling under 57-15-17.1 for the 2012-13 school year then: • 60 plus 5 plus 7 = 72 mills x 2013 taxable valuation establishes the baseline amount. • The general fund and miscellaneous levy is limited to 112% of the baseline amount, up to a levy of 82 mills on the taxable valuation of the district. • After taxable year 2013 • General fund levy is limited to 112% of the levy in dollars over the prior year, up to 70 mills on the taxable valuation of the district. • Misc fund levy is limited to a levy of 12 mills on the taxable valuation of the district.

  6. Transportation • $5 million increase for next biennium. • Rates based on transportation formula as it existed on June 30, 2001, with the following rate changes: • Large bus (capacity 10 or more) • $1.13 per mile • $0.30 per one-way trip • Small bus (capacity less than 10) • $0.52 per mile • $0.50 family transportation • Per day per one-way trip • Per day up to two one-way trips is required by IEP to attend outside the district

  7. Student Contracts • $16.5 million appropriation for excess cost reimbursements • HB 1301 made permanent the eligibility for students placed in residential facilities within their home district.

  8. School Construction Loans • Loan Fund increased to $200 million. • 1% minimum interest rate. • Eligibility based on district tax value per pupil: • < 80% up to $20 million … 90% of project … up to 4½% discount • 80%-90% up to $15 million … 80% of project … up to 3½% discount • > 90% up to $10 million … 70% of project … up to 3% discount • A loan payable solely from OGPT receipts not subject to debt limit.

  9. SB 2267 Safety Grants • $3 million appropriation • $10,000 plus pro rata share on ADM • Use for projects to improve safety • Eligibility • Not subject to ending fund balance offset • Provide equal monetary match • Ending fund balance cannot exceed 25%

  10. HB 1261 Rapid Enrollment Growth Grants • $13.6 million appropriation • 4% growth and at least 20 student increase • Fall K-12 Enrollment compared to Foundation Aid ADM • $3,900 for each student over 2%.

  11. SB 2036 State Paid Property Tax Relief Credits • 12% reduction in property tax bill • $200 million fiscal note • Has language requiring formal notices of assessment increases • Taxing districts, prior to the public hearing, must send notice to taxpayers whose property assessment increased.

  12. HB 1286 Building Authorities • Requires a 50% vote for school district building projects in excess of $4 million. • Subjects these projects to construction approval requirements through DPI.

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