- Deputies: Man, woman tried to arrange killing of his estranged wife (5/21/17)1
- Cape fines contractor $1,100 a day for street-project delays; contractor blames utility relocations (5/18/17)13
- Former coroner convicted of felony theft now faces prison in misdemeanor case (5/23/17)2
- Cape police say man assaulted, kidnapped girlfriend (5/21/17)2
- Mississippi County sheriff fights efforts in court to remove him from office (5/21/17)4
- Cape man accused of shooting a woman in Jackson (5/21/17)
- Business notebook: Woman, sister-in-law buy Perryville custom-wear shop (5/22/17)
- Attorney general seeks bond revocation for embattled sheriff (5/17/17)3
- Broadening horizons: Heartland Dream Team founder stays committed to area youth (5/21/17)2
- Revival of Oran police board urged amid timecard fraud, nepotism allegations (5/17/17)4
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.