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State School Fund and school finance matters dominate subcommittee discussion
Summary
ODE staff described how the State School Fund is administered, grants tied to the fund, and how local revenue changes — including timber declines — are equalized through the fund.
Officials from the Oregon Department of Education told the Education Subcommittee on March 24 that administering the State School Fund and related grants remains the core function of the department’s school finance unit.
Michael Elliott, managing director of school finance and school facilities, said the unit administers distributions from the State School Fund using the statutory formula, issues monthly payments (with a double payment in July and no June payment), and manages several grant programs tied to or carved from the fund.
Elliott outlined major grant streams that flow through or alongside the…
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