District falls into 'basic aid'
The district has predicted their revenue will pass the state's limit, placing it into basic aid status for the 2012 to 2013 budget. When a school district's funds from the property taxes of its county and student fees exceed the state revenue limits it moves into basic aid status. If a district is basic aid, it does not have to share in the state education fund deficits."We will be basic aid next year," said Kathy Blackwood, Interim Executive Vice Chancellor. "That's our interpretation. I'm not sure who will decide though."The county council agrees that the district is basic aid, according to Blackwood.
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