Quote:
Originally Posted by tummyman
So we know M'boro spends way more per pupil than the state or the judge considers for adequate. M'boro is in the $40,000 + range per student. And last year the SWEPT was $1.22 per thousand from the state. The question is.....what will the tax rate impact be if M'boro has to return money to the state? Is it just that taxes would go up be $1.22 or is there some sort of fancy calculation that I cannot seem to find. HELP !!
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First, with rough numbers, a recent report of student numbers is 501 and the school budget for 2022/23 was $15,541,613. This yields $31,021 per student, not $40,000+. Plus, I suspect this budget includes aid programs like free school lunches which is technically outside education funding.
"If M'boro needs to return money to the state"? This would only happen if the court cases were successful and, frankly, the contortions needed to address any new legal requirements are unknown and unknowable. It's legislative sausage making and who knows what will come out of the grinder. Also, it's a ways out in the future. The court cases will not be easily resolved and any resolution will be challenged to the State Supreme Court. Then, there will be some grace period to accomplish a change through the legislature. No matter what some judge would like, trying to immediately ram through any funding changes NOW would be a fiscal nightmare. The state Supreme Count would not let it happen so abruptly.
There is no "calculation" to find because, CURRENTLY, there is no mechanism for return of
ANY SWEPT funds to the state.
ALL SWEPT funds are retained by the town. Period.