A new state formula could change the way school districts are funded.
The Jefferson City Board of Education discussed potential changes during a finance overview at its board retreat last week. The proposed formula is still in the planning stages, but finance director Kim Navas updated the board on possibilities being discussed by the governor’s education reform committee.
The Jefferson City School System would get $14.3 million with the new formula, which is less than the district would get with the current formula if it was fully funded.
Navas said the state’s current program, Quality Based Education (QBE), should have allocated $14.798 million to the district this year. But the state hasn’t fully funded the program since its first year and after austerity cuts, the district received $13.8 million. The proposed formula has austerity reductions built in.
For the full story, see the Nov. 18 issue of The Jackson Herald.