- College algebra to be removed from Southeast required curriculum (10/10/17)1
- State declares test results for schools invalid (10/4/17)2
- Child-custody advocate: State law needs fix to provide parents with more equal custody (10/12/17)
- Cape Chinese restaurant purchases old Ponderosa property in Perryville (10/10/17)
- One of Cape's oldest mom-and-pop restaurants opens in new location (10/10/17)
- Past Rowdy the Redhawk mascot's identity revealed (10/15/17)
- Cancer will 'change your life, but it doesn't have to rule it' (10/8/17)
- Bills addressing equal child custody to be filed, legislators say (10/13/17)
- Ships to stay docked in Cape a week longer (10/10/17)
- Janet Koenig creates painted quilts to add flair to local barns (10/13/17)
Missouri legislators are changing the way education gets funded in the state thanks to passage of a $1 billion education reform bill. The measure awaits Gov. Matt Blunt's approval, merely a formality.
Under the new bill, school districts would move away from a funding formula driven by local property taxes. Currently, schools are funded by their district's local levy.
The new formula assumes all districts have a levy of $3.43 per $100 assessed valuation. So districts are neither punished for having a level lower than that nor rewarded for having higher levies.
The formula is to be implemented over a seven-year period, beginning with the 2006-2007 school year. By the final year, the cost of the formula and a supplementary fund for smaller districts is estimated at $952 million.
Some legislators are concerned that there is no revenue source for the measure, and that supporters are expecting to find revenue through natural growth. But many supporters believe the long implementation period will help the state meet reasonable yearly funding goals.
The bill isn't perfect. No one really expected it to be. But it seems to be a step in the right direction for Missouri's schools and our children.