From the website of Department of Elementary and Secondary Education (DESE)
FY20 Chapter 70 aid and required contribution calculations
Chapter 70 is the Commonwealth's program for ensuring adequate and equitable K–12 education funding. It determines an adequate spending level for each school district (the foundation budget). It then uses each community's property values and residents' incomes to determine how much of the foundation budget should be funded from local property taxes. Chapter 70 state aid pays for the remaining amount.
Chapter 70 is the Commonwealth's program for ensuring adequate and equitable K–12 education funding. It determines an adequate spending level for each school district (the foundation budget). It then uses each community's property values and residents' incomes to determine how much of the foundation budget should be funded from local property taxes. Chapter 70 state aid pays for the remaining amount.
Narragansett foundation enrollment is listed at 1290 students.
FY 2020 Foundation budget listed at $14,647,553.00.
FY 2020 Foundation budget listed at $14,647,553.00.
How foundation budgets are calculated
In Massachusetts, the definition of an adequate spending level for a school district is called its foundation budget. The goal of the Chapter 70 formula is to ensure that every district has sufficient resources to meet its foundation budget spending level, through an equitable combination of local property taxes and state aid. The foundation budget is perhaps the most important factor used in calculating a district’s Chapter 70 state education aid.
In Massachusetts, the definition of an adequate spending level for a school district is called its foundation budget. The goal of the Chapter 70 formula is to ensure that every district has sufficient resources to meet its foundation budget spending level, through an equitable combination of local property taxes and state aid. The foundation budget is perhaps the most important factor used in calculating a district’s Chapter 70 state education aid.
The foundation budget has its origins in three milestones:
• The Massachusetts Business Alliance for Education’s (MBAE) release of Every Child a Winner, an influential report that laid the groundwork for what would ultimately become the 1993 Education Reform Act. In the report, MBAE calls for “high standards, accountability for performance, and equitable distribution of resources among school districts.”
• McDuffy v. Secretary of the Executive Office of Education (1993), where the Supreme Judicial Court held that the education clause imposes on the Commonwealth “an enforceable duty to provide an education for all students regardless of wealth through the public schools.”
• The 1993 Education Reform Act, “which for the first time, established a required ‘foundation’ level of spending for each district in the Commonwealth that was to be reached by the establishment of both a state-mandated, required local contribution and a supplemental amount of state aid.”
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