An Explanation of Act 917

Arkansas' new finance law, Act 917, is difficult to understand because it has not been logically organized. This paper explains in detail the following provisions of the law: average daily membership (ADM) computation; local share; minimum and maximum millage; state support (including how prior...

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Bibliographische Detailangaben
1. Verfasser:	Schoppmeyer, Martin W
Format:	Report
Sprache:	eng
Schlagworte:	Arkansas Average Daily Membership Educational Equity (Finance) Educational Finance Elementary Secondary Education Equalization Aid Expenditures Fiscal Capacity School Funds School Support State Aid State Legislation State School District Relationship Tax Effort Teacher Salaries
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Beschreibung
Zusammenfassung:	Arkansas' new finance law, Act 917, is difficult to understand because it has not been logically organized. This paper explains in detail the following provisions of the law: average daily membership (ADM) computation; local share; minimum and maximum millage; state support (including how priorities are set and the forms of state aid not covered, and how weights are calculated for special, vocational, and alternative education); and teacher salaries. Although it appears that everyone is receiving more money, each district must now pay the employees' share of teacher retirement, health insurance, and all transportation; and districts might receive only Category 1 funds up to 80 percent of the 95th percentile. (LMI)