All funding for school districts under Act 68 comes from the Education Fund. This funding, based on a school district’s education spending, is comprised of general state aid, aid for capital debt that pre-existed Act 60, aid for transportation, and aid for small school grants.
A large portion of the funding is from state education property tax dollars. Statute requires the netting of education property tax dollars against the total funds owed a school district. In districts where education property taxes are not large enough to cover the school district’s costs, additional aid from the Education Fund is paid.
The following links lead to letters that detail the payments from the FY2009 Education Fund. For school districts whose education costs are covered entirely by education property taxes, the letters direct school districts how to code education property taxes received from the town so as to properly reflect the sources of the money. Payments are due on September 10, December 10, and April 30. For school districts that received all education funding from education property taxes, the dates are December 1 and June 1. |