Opinion ID: 1587613
Heading Depth: 3
Heading Rank: 2

Heading: Foundation-Funding Aid

Text: The Masters found that per student foundation funding has been increased for these school years by Act 19 of the First Extraordinary Session of 2006 and Act 272 of 2007, whereas initially the General Assembly had provided no increase for the 2005-2006 school year:  2005-2006 $5,486  2006-2007 $5,662  2007-2008 $5,719  2008-2009 $5,789 Act 272 of 2007, in addition, authorizes the State to make up the difference if the actual school tax collection in the school district is less than the formula of the uniform rate of taxation (25 mills) multiplied by 98% of the assessed value of property in the school district. This assures that basic per student foundation funding is being met. By Act 273 of 2007, the General Assembly added per student funding in excess of the amount considered adequate. The additional amounts are:  $51 for school year 2007-2008  $36 for school year 2008-2009