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LB 407 – School Aid
School aid, a top priority of the State’s biennial budget, was recently discussed at the Nebraska Legislature. The bill, LB 407, had an extensive debate. All state senators, myself included, are deeply concerned with providing children with the best education possible.
Every year, state senators work hard to figure out how to fairly appropriate school aid between Nebraska’s diverse school districts and this year was no different. The school funding formula, officially known as the Tax Equity and Educational Opportunities Support Act (TEEOSA), was drafted to distribute “equalized” aid to schools. TEEOSA uses an equation to determine a schools’ needs, then subtracts their resources. Determining the needs and resources for each of Nebraska’s 249 school districts is not an easy task.
LB 407, as it has been agreed to, distributes the funds based on needs and resources and gives more money to school districts that hold a longer school year and employ more highly educated teachers.
As a Lincoln state senator, I watched to see how this compromise will affect Lincoln Public Schools (LPS). One of the most important parts of the compromise for LPS is that it retained an averaging adjustment for districts, which gives funding to districts that are close to or at the tax levy limits. Lincoln is at the $1.05 limit. Lincoln Public Schools takes in just more than $5,000 per year in property taxes for each of its 36,000 students. LB 407, with the compromise, will amount to an increase of approximately $14 million to LPS. State senators have tried to be fair to Nebraska’s many school districts, and all senators want the best education possible for our children.
Education is a top priority for me and for District 29. I encourage you to share your thoughts and ideas at (402) 802-8312 or email@example.com. We’ll keep working hard for our kids!