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In our conversations with #STL folks about public education, we've been getting questions about what can be done at different levels of government. To help address some of those, we're doing a new #StandWithSLPS thread! So here it is:
Local 🌆vs.🏛️ State - A Thread🧵
1/
For starters, we should clarify that we are focused on our 3 current asks:
1. Support for a new schools moratorium
2. Creation of a citywide comprehensive plan for schools
3. Curbing of tax incentive abuse
This thread will largely be focused on the above. But first!
2/
General Remarks
Funding for local public school districts comes from 3 primary sources: local, state, and federal. According to the 2020 @SLPS_INFO Comprehensive Annual Financial Report (CAFR), 80% of revenue comes from local revenue, 13% from the state, and 7% federally.
3/
Local funding is primarily generated by property taxes, state funding gets dispersed from GR and a few other sources (lottery, etc.) to each district statewide based on the Missouri Foundation Formula, and federal funding comes in for various federal programs.
4/
State lawmakers frequently tout "fully funding" the Foundation Formula, but this is deceptive. The tried-and-true method to get to this is reduce the bar for what it means to "fully fund" the formula.
Some refs: https://t.co/3K9vhoIQJp &
Local 🌆vs.🏛️ State - A Thread🧵
1/
For starters, we should clarify that we are focused on our 3 current asks:
1. Support for a new schools moratorium
2. Creation of a citywide comprehensive plan for schools
3. Curbing of tax incentive abuse
This thread will largely be focused on the above. But first!
2/
General Remarks
Funding for local public school districts comes from 3 primary sources: local, state, and federal. According to the 2020 @SLPS_INFO Comprehensive Annual Financial Report (CAFR), 80% of revenue comes from local revenue, 13% from the state, and 7% federally.
3/
Local funding is primarily generated by property taxes, state funding gets dispersed from GR and a few other sources (lottery, etc.) to each district statewide based on the Missouri Foundation Formula, and federal funding comes in for various federal programs.
4/
State lawmakers frequently tout "fully funding" the Foundation Formula, but this is deceptive. The tried-and-true method to get to this is reduce the bar for what it means to "fully fund" the formula.
Some refs: https://t.co/3K9vhoIQJp &