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Special Report of VRT & CO.
<br />Page 10
<br />LOCAL EDUCATION AIDS
<br />Local school districts in the State of Minnesota are financed under complex formulas
<br />with a combination of State aids and local property taxes. These aids are the single
<br />largest State aid paid to local government jurisdictions (19% of State resources for the
<br />1983 -85 biennium versus 5% for local government aid paid to Cities). Accordingly, they
<br />were treated most severly during the height of the State budget situation and have yet
<br />to recover to the 1979 -81 biennium levels.
<br />ION MI
<br />To understand these aids, one must look at the financing of the Foundation Aid
<br />Formula rather than overall levels of Education Aids. The Foundation Aid Formula is a
<br />formula used to determine overall financing for the general maintenance operations of
<br />local school districts. The State (through this formula) controls total revenue resour-
<br />ces and the split between State aid financing and local property tax financing. The
<br />Foundation Aid Formula and means of financing was /will be as follows:
<br />State /School Year Ended
<br />June 30, 1979 (Actual)
<br />June 30, 1980 (Estimated)
<br />June 30, 1981 (Actual)
<br />June 30, 1982:
<br />Proposed Budget (1/81)
<br />Estimated /Actual
<br />June 30, 1983:
<br />Proposed Budget (1/81)
<br />Estimated /Actual
<br />June 30, 1984:
<br />Proposed Budget (2/83)
<br />Current Budget (4/84)
<br />June 30, 1985:
<br />Proposed Budget (2/83)
<br />Current Budget (4/84)
<br />June 30, 1986:
<br />Projected (5/84)
<br />(All amounts in $1,000's of Dollars)
<br />Property
<br />Tax Levies
<br />% of
<br />Amount Total Amount
<br />$529,655 45.10% $644,713
<br />State Total
<br />Education Aids Foundation
<br />% of Program
<br />Total Revenue
<br />54.90% $1,174,368
<br />566,883 45.79 671,015 54.21 1,237,898
<br />607,635 46.68 694,111 53.32 1,301,746
<br />586,970 42.94 770,685 57.06
<br />582,898 42.94 774,597 57.06
<br />661,145 44.56 822,657 55.44
<br />779,824 57.09 586,225 42.91
<br />888,333 57.55 655,329 42.45
<br />885,042 57.60 651,377 42.40
<br />923,330 59.67 624,187 40.33
<br />949,891 61.08 605,341 38.92
<br />1,357,655
<br />1,357,495
<br />1,483,802
<br />1,366,049
<br />1,543,662
<br />1,536,419
<br />1,547,517
<br />1,555,232
<br />944,533 55.79 748,475 44.21 1,693,008
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