From the Lafayette Journal & Courier:
School funding estimates released earlier this month give an indication of how local districts might fare over the next biennium.
The Senate version of the state budget passed last Tuesday and heads to conference committee.
In fiscal year 2013, Tippecanoe, Lafayette and West Lafayette school districts received $72,057,424; $47,110,558 and $11,978,441 respectively.
Here are estimates from the proposals on how much each district might receive over the next biennium under the Senate and House plans:
• Tippecanoe School Corp. would receive $74,891,883 in fiscal year 2014 and $75,840,566 in fiscal year 2015 under the Senate proposal; and $74,690,971 in fiscal year 2014 and $75,711,666 in fiscal year 2015 under the House proposal.
• Lafayette School Corp. would receive $48,532,535 in fiscal year 2014 and $48,810,702 in fiscal year 2015 under the Senate proposal; and $48,401,579 in fiscal year 2014 and $48,722,639 in fiscal year 2015 under the House proposal.
• West Lafayette Community School Corp. would receive $12,086,642 in fiscal year 2014 and $11,979,437 in fiscal year 2015 under the Senate proposal; and $12,042,209 in fiscal year 2014 and $12,005,985 in fiscal year 2015 under the House proposal.
Some districts face shrinking funds because of the ongoing effort to equalize the funding formula across Indiana districts.
Districts, including LSC and WLCSC, that have historically been above the foundation level — the amount of per-pupil base tuition guaranteed to districts — will continue to see funds decrease gradually until they reach foundation level in 2019.
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See the full article here:
http://www.jconline.com/apps/pbcs.dll/article?AID=2013304140002
