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Report: Arkansas has invested more than $1.4 billion in school facility projects; new Facility Wealth Index shifts local shares

EDUCATION COMMITTEE - SENATE · February 5, 2024
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Summary

A Bureau of Legislative Research briefing to the Senate Education Committee reviewed K–12 facility funding, described the Partnership Program's project rankings, reported cumulative state payments near $1.4 billion through 2023, and highlighted a recalculation of the Facility Wealth Index that reduced local match requirements for many districts while prompting concern about property insurance cost increases.

Laurie Bowen, a policy analyst with the Bureau of Legislative Research, told the Senate Education Committee that Arkansas has spent nearly $1.4 billion on Partnership Program–approved facility projects through the most recently completed fiscal year, with an average annual program funding near $90 million."The Arkansas statute does establish a duty for the state to provide all public school children with an adequate education which includes access to adequate academic facilities and equipment," Bowen said, summarizing the statutory foundation for state involvement.

Bowen described the Partnership Program, the state’s primary grant-and-assistance vehicle for school construction and repair, and the two project types it funds: Space Growth (new construction or conversions for districts experiencing growth) and Warm-Safe-Dry (replacement or systems work to address health, safety and structural problems). Projects are prioritized on a biennial cycle and ranked using a composite that allocates 30% weight to the Facility Wealth Index, 50% to a statewide needs list, and 20% to districts’ maintenance-expenditure rankings.

The report noted a recent recalculation of…

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