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School Funding Laws
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Flashcards
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State Funding
State allocation of funding typically based on formulas that account for student needs and district wealth.
Federal Impact Aid
Federal funding for school districts that lose local tax revenue due to the presence of tax-exempt federal property or have increased expenditures due to federally connected children.
Categorical Funding
Targeted state or federal funds designed for specific educational programs, like special education or English language learners.
Corporate Sponsorships
Financial support from private businesses, which may benefit from tax deductions and positive community relations.
Special Tax Levies
Taxes imposed by local school districts, with voter approval, specifically for education-related expenses.
Endowments
Large funds or assets donated to schools or universities, where the principal remains intact and only the income is used for operations.
Federal Funding
Funds provided by the federal government, usually aimed at specific programs such as Title I for disadvantaged students.
Lottery Funding
Revenue from state-run lotteries allocated to educational budgets, though often criticized as an unstable and inequitable source.
Capital Campaigns
Intensive fundraising efforts to raise a substantial amount of money within a specified period, often for facility improvement or new construction.
Education Foundation Grants
Private funds donated to schools or districts through foundation grants, which may target specific initiatives or projects.
Property Tax Funding
Funding derived from local property taxes, typically legislated at the state level and linked to the wealth of a community.
Bond Issues
Public debt securities issued by school districts to raise capital for long-term investments, subject to voter approval.
Budget Referenda
Direct vote by eligible citizens to approve or reject proposed school budgets, often with tax implications.
Philanthropic Donations
Contributions made by individuals or foundations to support educational institutions or programs without expecting repayment.
Public-Private Partnerships
Collaborative agreements between public schools and private entities to fund and manage educational services or infrastructure.
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