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School Funding

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School Funding
Running head: FAIR FUNDING IN PUBLIC SCHOOLS

School Funding
Royal Hines
LeTourneau University
School Finance, Section A
November 6, 2010

Abstract

School finance is a major issue throughout the United States. The distribution of school funds is completed using different methods throughout. The correct process must be selected to accommodate wealthy and poor districts. Local school districts are affected by the distribution of funds based on the value of the property in the district. Concerned citizens can be prepared for school district changes in revenue by staying informed of what is occurring in their community.

State Distributions Distribution of educational funds to school districts in the state of Texas is a major job. The Texas Education Agency has the privilege of providing and distributing money for all 8061 public and charter schools in Texas. Currently, the money is distributed using WADA “Weighted Average Daily Attendance” as the main deciding factor. ‘WADA’ is the number of students in weighted average daily attendance, which is calculated by dividing the sum of the school district 's allotments under Subchapters B and C, less any allotment to the district for transportation, any allotment under Section 42.158, and 50 percent of the adjustment under Section 42.102, by the basic allotment for the applicable year. (Texas Education Agency) If given the job of distributing state dollars to all the schools in Texas, one must consider property taxes and the “Robin Hood” rules in addition to using the WADA method. Chapter 41 of the Texas Education Code makes provisions for certain school districts to share their local tax revenue with other school districts. (TEA) In Texas districts are considered to be wealthy or poor in relation to property. A school district that is considered to be wealthy is required to share their wealth with poor property school districts. This method of sharing funds helped to create the title
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