Here are 5 key points to keep in mind:
1. The Heart of the Matter: Equity
Putting equity into practice means that state resources must support students and districts impacted by opportunity gaps, achievement lags, and chronic underfunding.
2. The Richest Counties Are Still Getting the Most State Aid
3. The Great Debate: How to Measure Local Wealth
Redevelopment tools like “tax increment financing” (TIFs) impact the real property wealth calculation per pupil. Because TIF packages include tax breaks and because that property is not generating into the City’s bank account, a jurisdiction is protected from counting that property as local wealth. This is a serious situation that makes local wealth calculation much less accurate. There has been extensive debate on when TIF protections should end.
4. Pay Attention to the Formula “Fixers”
5. “I do.” Marrying the Formula & Kirwan’s Policy Recommendations
The work to link Kirwan policy recommendations to the formula is expected to be a main topic of the public meeting on August 22.
In closing, there’s a narrow window for decisions on both the formula and the overall recommendations. We are eagerly awaiting the outcomes of the next series of meetings, one of which will include the first public comment opportunity related to the formula on September 19. We are also looking forward to a schedule for the full convening of the Kirwan Commission.