230 likes | 328 Views
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.
E N D
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
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
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.
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
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
State Revenue • State • General Fund
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
State Revenue • School Facility & • Technology
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
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
K-12 Funding • BASE Aid • SB175 • Data for Achievement Payment • Basic Entitlement increases • Inflation
K-12 Funding • How do we calculate? • School funding model • Shared by OPI, LFD, and OBPP • For creating fiscal notes during session
Reading • a fiscal note