257.1 STATE SCHOOL FOUNDATION PROGRAM -- STATE AID.
1. Program established. A state school foundation program is
established for the school year commencing July 1, 1991, and
succeeding school years.
2. State school foundation aid -- foundation base.a. For a budget year, each school district in the state is
entitled to receive foundation aid, in an amount per pupil equal to
the difference between the amount per pupil of foundation property
tax in the district, and the combined foundation base per pupil or
the combined district cost per pupil, whichever is less. However, if
the amount of foundation aid received by a school district under this
chapter is less than three hundred dollars per pupil, the district is
entitled to receive three hundred dollars per pupil unless the
receipt of three hundred dollars per pupil plus the per pupil amount
raised by the foundation property tax exceeds the combined district
cost per pupil of the district for the budget year. In that case,
the district is entitled to receive an amount per pupil equal to the
difference between the per pupil amount raised by the foundation
property tax for the budget year and the combined district cost per
pupil for the budget year.
b. For the budget year commencing July 1, 1999, and for each
succeeding budget year the regular program foundation base per pupil
is eighty-seven and five-tenths percent of the regular program state
cost per pupil. For the budget year commencing July 1, 1991, and for
each succeeding budget year the special education support services
foundation base is seventy-nine percent of the special education
support services state cost per pupil. The combined foundation base
is the sum of the regular program foundation base, the special
education support services foundation base, the total teacher salary
supplement district cost, the total professional development
supplement district cost, the total early intervention supplement
district cost, the total area education agency teacher salary
supplement district cost, and the total area education agency
professional development supplement district cost.
c. For the budget year commencing July 1, 1999, the
department of management shall add the amount of the additional
budget adjustment computed in section 257.14, subsection 1, to the
combined foundation base.
3. Computations rounded. In making computations and payments
under this chapter, except in the case of computations relating to
funding of special education support services, media services, and
educational services provided through the area education agencies,
and the teacher salary supplement, the professional development
supplement, and the early intervention supplement, the department of
management shall round amounts to the nearest whole dollar.
4. Legislative review. The provisions of this chapter shall
be subject to legislative review at least every five years. The
review shall be based upon a school finance formula status report
containing the recommendations of a legislative interim committee
appointed to conduct a review of the school finance formula, to be
prepared with the assistance of the department of education, in
association with the departments of management and revenue. The
report shall include recommendations for school finance formula
changes or revisions based upon demographic changes, enrollment
trends, and property tax valuation fluctuations observed during the
preceding five-year interval; an analysis of the operation of the
school finance formula during the preceding five-year interval; and a
summary of issues that have arisen since the previous review and
potential approaches for their resolution. The first such report
shall be submitted to the general assembly no later than January 1,
2005, with subsequent reports developed and submitted by January 1 at
least every fifth year thereafter.
257.1 STATE SCHOOL FOUNDATION PROGRAM -- STATE AID.
1. Program established. A state school foundation program is
established for the school year commencing July 1, 1991, and
succeeding school years.
2. State school foundation aid -- foundation base.a. For a budget year, each school district in the state is
entitled to receive foundation aid, in an amount per pupil equal to
the difference between the amount per pupil of foundation property
tax in the district, and the combined foundation base per pupil or
the combined district cost per pupil, whichever is less. However, if
the amount of foundation aid received by a school district under this
chapter is less than three hundred dollars per pupil, the district is
entitled to receive three hundred dollars per pupil unless the
receipt of three hundred dollars per pupil plus the per pupil amount
raised by the foundation property tax exceeds the combined district
cost per pupil of the district for the budget year. In that case,
the district is entitled to receive an amount per pupil equal to the
difference between the per pupil amount raised by the foundation
property tax for the budget year and the combined district cost per
pupil for the budget year.
b. For the budget year commencing July 1, 1999, and for each
succeeding budget year the regular program foundation base per pupil
is eighty-seven and five-tenths percent of the regular program state
cost per pupil. For the budget year commencing July 1, 1991, and for
each succeeding budget year the special education support services
foundation base is seventy-nine percent of the special education
support services state cost per pupil. The combined foundation base
is the sum of the regular program foundation base, the special
education support services foundation base, the total teacher salary
supplement district cost, the total professional development
supplement district cost, the total early intervention supplement
district cost, the total area education agency teacher salary
supplement district cost, and the total area education agency
professional development supplement district cost.
c. For the budget year commencing July 1, 1999, the
department of management shall add the amount of the additional
budget adjustment computed in section 257.14, subsection 1, to the
combined foundation base.
3. Computations rounded. In making computations and payments
under this chapter, except in the case of computations relating to
funding of special education support services, media services, and
educational services provided through the area education agencies,
and the teacher salary supplement, the professional development
supplement, and the early intervention supplement, the department of
management shall round amounts to the nearest whole dollar.
4. Legislative review. The provisions of this chapter shall
be subject to legislative review at least every five years. The
review shall be based upon a school finance formula status report
containing the recommendations of a legislative interim committee
appointed to conduct a review of the school finance formula, to be
prepared with the assistance of the department of education, in
association with the departments of management and revenue. The
report shall include recommendations for school finance formula
changes or revisions based upon demographic changes, enrollment
trends, and property tax valuation fluctuations observed during the
preceding five-year interval; an analysis of the operation of the
school finance formula during the preceding five-year interval; and a
summary of issues that have arisen since the previous review and
potential approaches for their resolution. The first such report
shall be submitted to the general assembly no later than January 1,
2005, with subsequent reports developed and submitted by January 1 at
least every fifth year thereafter.
257.1 STATE SCHOOL FOUNDATION PROGRAM -- STATE AID.
1. Program established. A state school foundation program is
established for the school year commencing July 1, 1991, and
succeeding school years.
2. State school foundation aid -- foundation base.a. For a budget year, each school district in the state is
entitled to receive foundation aid, in an amount per pupil equal to
the difference between the amount per pupil of foundation property
tax in the district, and the combined foundation base per pupil or
the combined district cost per pupil, whichever is less. However, if
the amount of foundation aid received by a school district under this
chapter is less than three hundred dollars per pupil, the district is
entitled to receive three hundred dollars per pupil unless the
receipt of three hundred dollars per pupil plus the per pupil amount
raised by the foundation property tax exceeds the combined district
cost per pupil of the district for the budget year. In that case,
the district is entitled to receive an amount per pupil equal to the
difference between the per pupil amount raised by the foundation
property tax for the budget year and the combined district cost per
pupil for the budget year.
b. For the budget year commencing July 1, 1999, and for each
succeeding budget year the regular program foundation base per pupil
is eighty-seven and five-tenths percent of the regular program state
cost per pupil. For the budget year commencing July 1, 1991, and for
each succeeding budget year the special education support services
foundation base is seventy-nine percent of the special education
support services state cost per pupil. The combined foundation base
is the sum of the regular program foundation base, the special
education support services foundation base, the total teacher salary
supplement district cost, the total professional development
supplement district cost, the total early intervention supplement
district cost, the total area education agency teacher salary
supplement district cost, and the total area education agency
professional development supplement district cost.
c. For the budget year commencing July 1, 1999, the
department of management shall add the amount of the additional
budget adjustment computed in section 257.14, subsection 1, to the
combined foundation base.
3. Computations rounded. In making computations and payments
under this chapter, except in the case of computations relating to
funding of special education support services, media services, and
educational services provided through the area education agencies,
and the teacher salary supplement, the professional development
supplement, and the early intervention supplement, the department of
management shall round amounts to the nearest whole dollar.
4. Legislative review. The provisions of this chapter shall
be subject to legislative review at least every five years. The
review shall be based upon a school finance formula status report
containing the recommendations of a legislative interim committee
appointed to conduct a review of the school finance formula, to be
prepared with the assistance of the department of education, in
association with the departments of management and revenue. The
report shall include recommendations for school finance formula
changes or revisions based upon demographic changes, enrollment
trends, and property tax valuation fluctuations observed during the
preceding five-year interval; an analysis of the operation of the
school finance formula during the preceding five-year interval; and a
summary of issues that have arisen since the previous review and
potential approaches for their resolution. The first such report
shall be submitted to the general assembly no later than January 1,
2005, with subsequent reports developed and submitted by January 1 at
least every fifth year thereafter.
