Nebraska’s TEEOSA formula reviewed; many allowances, new $1,500 foundation aid addition discussed
Staff reviewed Nebraska’s Tax Equity and Educational Opportunity Support Act (TEEOSA), a formula that calculates state equalization aid as system formula needs minus formula resources, and highlighted multiple allowances and recent addition of a $1,500 per-student foundation aid component enacted in 2023.
The full story
Legislative Research presented Nebraska’s school finance framework, the Tax Equity and Educational Opportunity Support Act (TEEOSA), describing a formula that computes state equalization aid as calculated needs minus calculated resources.
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