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Lawmakers press education officials on wealth index, district reserves and millage practices
Summary
Committee members questioned department staff about whether district building-fund balances and excess debt-service millage should affect state partnership eligibility and whether millages properly sunset when bonds are paid off.
Lawmakers at the Senate Education Committee pressed Department of Education and facilities division staff on how district reserves and local millage practices affect eligibility for partnership funding and statewide equity.
Representative Lauer questioned why district building-fund balances were not factored into the facility wealth index calculation and said districts collectively hold large reserves. "Arkansas…
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