School Finance Formula Review Committee, Final Report, January 2005

(2005) School Finance Formula Review Committee, Final Report, January 2005. Legislative Services Agency (Legislative Service Bureau)

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Abstract

The Legislative Council established the School Finance Formula Review Committee and authorized three meeting days. The Committee was charged to prepare a school finance formula status report and provide recommendations in accordance with the requirements of Iowa Code section 25 7.1 (4), including receiving assistance from the departments of Education, Management, and Revenue; providing recommendations for school finance formula changes or revisions based upon demographic changes, enrollment trends, and property tax valuation fluctuations observed during the preceding five-year interval; providing an analysis of the operation of the school finance formula during the preceding five-year interval; and incorporating a summary of issues that have arisen since the previous review and potential approaches for their resolution.