K-12

State Revenue & Funding

Presented to MASBOVeteran Clerks Workshop

September 12, 2014

ByNancy Hall

Governor’s Office of Budget & Program Planning

K-12 State Revenue

$ Guarantee Account

$ State General Fund

$ School Facility & Technology Fund

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

State Revenue

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.     

Guarantee Account

SB 175 – Excess interest & income revenue

(a) 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

StateGeneral 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 sources18m board feet of timberRiverbed leases

ExpendituresTechnology PaymentFacility Reimbursement PaymentsQuality Schools Grant Program

State Revenue

K-12 Funding

BASE Aid

Basic & Per ANB Entitlements

Quality Educator PaymentIndian Education for All PaymentAmerican Indian Achievement Gap Payment

*At-risk Student Payment

K-12 Funding

BASE AidSB175

Data for Achievement Payment

Basic Entitlement increasesInflation

K-12 Funding

How do we calculate?

School funding model

Shared by OPI, LFD, and OBPP

For creating fiscal notes during session

K-12 Funding

K-12 Funding

Reading a fiscal note

K-12 Funding

Reading a fiscal note

Reading a fiscal note

Reading a fiscal note

Reading a fiscal note

Questions?