ERIC Number: ED248595
Record Type: RIE
Publication Date: 1984
Reference Count: 0
Financing Education: Minnesota, 1983-84.
Minnesota House of Representatives, St. Paul. Education Committee.
An introduction to Minnesota's educational finance system as of school year 1983-84, this compilation describes various aid programs, defines relevant terms, and shows how funds are allocated. The first section defines the following: the Foundation Aid Program, the state's basic school financing mechanism, which includes state and local funds with an equalizing factor and 11 special allowances; other revenue programs, including referendum levies, summer school aid, and eight categorical aids; and variables, concepts, and procedures used to allocate funds. The remainder of the report illustrates with simple examples the eligibility criteria and funding formulae for foundation, categorical, and tax relief aids; compares the 1983-84 foundation program with that for 1984-85; and summarizes the revenues available to school districts in 1983-84 and 1984-85. (MCG)
Publication Type: Legal/Legislative/Regulatory Materials; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: Minnesota House of Representatives, St. Paul. Education Committee.
Note: For the 1984-85 financing report, see EA 017 160.