Liberty School District’s Board of Education met Tuesday evening, Feb. 19. From a policy standpoint, the highlights of their agenda were:
- A report on Governor Jay Nixon’s education budget for the coming year. According to the agenda:
The State of Missouri Budget status has been released for the period July 2012 through January 2013 and overall net revenue is increased 9.5 percent compared to the same period of time last year. Currently, no change has been indicated to the state formula appropriation and the budget reflects a 7.32 percent reduction, in Liberty an estimated reduction in the amount of $3.7 million.
The Governor has provided a budget recommendation for next fiscal year that includes an overall two percent increase in public education funding; however, the increase is limited to Classroom Trust Fund dollars that are dependent on gaming revenue increases. In the current year, gaming revenue taxes are falling short by four percent.
- A report on the district’s operating budget revenues and expenditures. According to the agenda:
The total revenue budget, including debt service and capital projects, is $127,299,911. The total expenditure budget, including debt service and capital projects, is $129,316,574.
- A report on a reduction in the School Funding Formula for the current school year, which is money per pupil the state of Missouri is required by law to pay each district. However, the formula has not been fully funded since the beginning of the Great Recession in 2009. According to the agenda:
The 7.32 percent reduction in funding means a loss of $3,649,011 for the District that will not be recouped.
- A safety and security update.
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