Estimated state support for public K-12 schools totaled just under 62.3 percent last year, according to a new analysis released today by the non-partisan Legislative Fiscal Bureau (LFB). That percentage was calculated using the same “partial school revenues” method that was used to determine state support during the period from 1996-97 to 2002-03, when the state had a statutory commitment to fund two-thirds (66.7 percent) of K-12 partial school revenues statewide. That mandate ended in 2003.
The 62.3 percent figure is the share of state support as calculated on a statewide basis for the 2014-15 school year. The share of state support for each individual school district will vary according to how the district is treated under the state general aid formula, which is based to a large extent on a district’s property wealth per pupil.
The LFB memorandum released today provides information on the estimated level of state support provided for K-12 education statewide and to individual school districts in 2014-15. You can find it here.