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Task force reviews Arkansas school finance formula, including isolated- and professional-development funding
Summary
Presenters outlined Arkansas’s student-based State Foundation Funding Aid, a matrix-derived per-pupil base set in statute, and a set of categorical programs including declining-enrollment aid, alternative-learning funding, enhanced student-achievement (at-risk) brackets, professional development funds and teacher salary equalization.
Jennifer Light (KLRD) presented the Arkansas school finance memo, summarizing the state’s student-based primary funding model and nine categorical programs that supplement the foundation formula.
Arkansas sets a per-pupil foundation amount in statute; the presentation cited a per-pupil base of $7,771 in the current school year. That foundation amount is calculated by a matrix reflecting costs for a prototypical 500-student school (school-level salaries, school resources and district-level resources). The foundation aid for a district is the…
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