The amount of money your district receives from the state of Missouri could change starting in July.
The funding formula will be completely under the new formula at the start of the fiscal year in July. However, the formula is not fully funded, which means districts will not receive the amount of the state money originally intended.
DESE devised a new plan to more equitably distribute the funds without undermining the original formula. DESE made the changes because the legislature did not pass a bill that included language to define how to distribute the formula money when the formula is not fully funded.
The bottom line is the amount of money your district gets could be changing based on new methods of distribution.
The following changes will be made to next year’s formula payment starting with the July payment:
- The state adequacy target will remain the same as the current year, $6,131. In previous calculations, the state adequacy target was estimate to increase to $6,423 per weighted ADA.
- The proration factor will be estimated at 91 to 92 percent. The current year proration is estimated at just over 94 percent.
- 100 percent of the formula payment will be calculated under the new formula. Districts will no longer received a percentage from the old formula.
As districts determine the number of students attending their schools at the beginning of the school year, the proration factor could change. DESE has made estimates based on the current year student counts. Some districts may appeal this new allocation formula through the court system.
You might want to talk to your administration and see how your district will be impacted under the changes.