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SOUTH KINGSTOWN â€“ While the South Kingstown schools stands to lose funding in state aid, the school committee has taken action by approving a resolution that proposes changes in the state education funding formula.
South Kingstown will lose 5 percent in state aid. According to the update on the Governorâ€™s recommended budget on March 9, South Kingstown will receive $8.4 million in 2012, which is 14.18 percent of the budget. South Kingstown is losing $371,606 in funding.
The committeeâ€™s resolution encourages General Assembly members to consider changes that address what the committee views as an inequitable way in which the funding formula determines aid. The resolution will also be sent to other school committees across the state for their approval.
â€śWeâ€™re acknowledging the need for fair, equitable and a predictable funding formula. I think one of the difficult things is the lack of predictability. The funding formula is presenting us with a situation where weâ€™re going to lose state aid and we donâ€™t know how much,â€ť committee vice chairperson Dr. Anthony Mega said.
To make sure the state share is more equitable, the school committee asks in their resolution that state leaders to increase the â€ścore cost of educationâ€ť amount by including several previously omitted obligations, including pension, post employment benefits and transportation costs. The committee also asks state leaders to consider using a variety of income factors, including median household income, per capita income, and median family income to generate adjustments to the communityâ€™s full market value of their tax roll.
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