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Requiring the
property fiscal capacity component of the school funding formula to be based
on a 3-year average of the property values of a municipality included in a
school administrative unit (SAU) or on the certified state valuation for the
most recent prior year, whichever is lower, beginning in fiscal year 2019-20
will not change the total state and local cost of K-12 public education or
the state's share of that cost. It
may, however, result in a higher mill rate expectation which may affect the
required local contribution for local school administrative units. The impact to individual SAU's can not be
determined at this time. |