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The National Education Finance Academy (NEFA) has completed a project providing a one- of-a-kind practical book on funding P-12 education in the United States. The book, entitled Funding Public Schools in the United States and Indian Country is a single volume with a clear and short chapter about each state. Approximately 50% of chapters are authored by university faculty who are members of NEFA; approximately 25% of chapters are authored by state department of education officials and/or state school board association officials; and the remaining 25% of chapters are authored by ASBO affiliate states. Each chapter contains information about: • Each state’s aid formula background; • Basic support program description and operation (the state aid formula) including how school aid is apportioned (e.g., state appropriations, local tax contributions, cost share ratios, and more); • Supplemental funding options relating to how school districts raise funds attached to or above the regular state aid scheme; • Compensatory programs operated in school districts and how those are funded and aided; • Categorical programs operated in school districts and how those are funded and aided; • Any funding supports for transportation operations; • Any funding supports for physical facilities and operations; and • Other state aids not covered in the above list.
The Legislative Assembly approved 2017 House Bill No. 1318, which provides the Legislative Management appoint a committee to: examine how state aid for elementary and secondary education is determined and distributed under the state aid funding formula, analyze the impact of the state aid provided through the funding formula, and consider potential necessary changes to the funding formula to ensure equity, adequacy, and sustainability; and examine the delivery and administration of elementary and secondary education in the state and the short- and long-term policy and statutory changes that may result from or be necessitated by 21st century technological advances and global economics. The 2017 Assembly also approved House Bill No. 1423, which provides for a study of the portion of the elementary and secondary education funding formula which relates to the utilization of in lieu of property tax funds for the purpose of identifying and addressing any inequities in the application of the formula.