State guarantee proposal would equalize local spending above foundation formula, presenters say
Department of Taxes staff explained a proposed "State Guarantee" that would match a share of districts' discretionary spending above a statewide foundation formula; presenters said the plan equalizes capacity across five proposed regions, could launch in FY 2028, and would be funded from the Education Fund.
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Department of Taxes presenters described a proposed State Guarantee on Tuesday that would pay a share of school districts' discretionary spending above a new statewide foundation formula, aiming to equalize differences in local property wealth per student across large multi-town districts.
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