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H.3716, S.433 (both reside in Senate) focuses on state funding and distribution – roll up of funding categories – new (EOC) weightings – reset teacher salary schedule – performance-based teacher pay – deregulation and flexibility the landscape
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introduction
Aiken County Public School District
Board of TrusteesJanuary 24, 2012
• SCSBA, SCASA, SCASBO, Harry Miley, Childs & Halligan
₋ began work August 2010₋ dozens of presentations₋ draft bill; sponsorship
the team
• H.3716, S.433 (both reside in Senate)• focuses on state funding and distribution
– roll up of funding categories– new (EOC) weightings– reset teacher salary schedule– performance-based teacher pay– deregulation and flexibility
the landscape
• stable, sound revenue source to better manage budgetary dips due to the economy
• level “playing field” to aid business/industry recruitment and encourage economic growth
• simplify hugely complicated system• current system – state and local – broken• truly comprehensive – a package plan
the strengths
how it would work statewide…
the plan
$1,304,395,224 100 mills statewide the plan
$ 104,292,403 FILOT$ 1,944,756,227 state rollup $ 939,530,057 tiers 1,2,3 $ 47,443,880 other reimbursements$ 3,036,022,567 subtotal
reduces about 70 separate state funding sources to 12
$ 1,304,395,224the plan
$559,983,377additional state dollars needed to balance or make up the difference between what current millage rates generate statewide and what the SUM would generate
$ 1,304,395,224
$ 3,036,022,567
the plan
$ 1,304,395,224
$ 3,036,022,567
$ 559,983,377
$4,900,401,168 ÷ 920,624 EOC WPU= $5,323
the plan
$328,012,118 additional state funding to ensure no district gets less funds than what it currently receives
+
$ 559,983,377 balancing funds
$ 837,538,898 total additional state funds needed to …
grant $573,153,803 in tax relief to business/industry statewide
the plan
all other funds for programs not distributed to districts on per pupil basis such as:
»transportation related»national board certification»palmetto priority schools»retiree insurance»4K programs
the plan
local school board authority to levy millage of up to 8% of the assessed value of taxable properties
the plan
local school boards wanting to go above the 8% limit required to get voter approval. If approved, taxes would apply to ALL properties
the plan
• sets a reasonable per pupil funding level• significantly increases per pupil funding for
55 of our 84 districts• simplifies funding formulas by reducing
funding streams from 70 to 12• 100-mill SUM for operations gives level
playing field for economic development
benefits
conclusion
Aiken School DistrictSummary
Actual FY 2009-10 Funding $ 146,578,287EOC WPU 31,270Est. Funding Based on BSF $5323 $166,445,816Additional Funds $ 19,867,529
(Phase-in over 3 years)Tax Savings (138 to 100 mills) $ 11,794,615
(est.)
