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Finance director explains SEEK formula and Hardin County budget impacts
Summary
A district finance presenter outlined Kentucky’s SEEK funding formula, noted the district’s growing property assessment and local deductions that reduce SEEK, and urged board advocacy as the guaranteed per-pupil base lags inflation.
At the Hardin County Board of Education meeting, the district’s finance presenter walked the board through Kentucky’s SEEK funding formula, explaining how the guaranteed base per pupil, state equalization and local effort deductions interact and how those mechanisms affect Hardin County’s budget.
"So you get $4,586 for every kid per ADA," the presenter said while describing the current SEEK guaranteed base and why attendance and accurate ADA reporting matter to district funding. The…
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