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CareerTech director outlines proposed operational funding formula aimed at equity across tech centers
Summary
Director Hakan presented a proposed operational funding formula that would allocate state aid across four components — local needs (70%), secondary service incentive (10%), campus funding (10%), and student-services/cost-per-program — to better target resources and incentivize serving more eligible juniors and seniors; implementation could begin in June if budget increases materialize.
Director Hakan presented a proposed overhaul of CareerTech’s operational funding formula, saying the goal is to use available state dollars more equitably across technology centers.
"The purpose is to make sure that we have equity across the system," Hakan said, outlining four primary components of the proposal: local needs, a secondary service incentive, approved campus funding, and a student-services formula. Hakan described local needs as the largest component (70% of the formula in the presented model), calculated by taking 65% of a center’s local general-fund (ad valorem) revenue and matching it with state allocation…
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