Different Paths to the Same Ratio
I’m not entirely sure why the notion of more state money must be tied with the development of a school funding formula in this state, but this paragraph caught my eye:
Currently, 60 percent of Rhode Island’s school costs are paid for by local property taxes, compared to the national average of 43 percent. Some groups have advocated for a state-local share of 50-50, phased in over several years.
According to most notions of a funding formula that I’ve heard, some districts would see this ratio go up, while others would see it go down. Be that as it may, it seems to me that the easiest way to match the national education funding ratio would be to begin cutting local spending. A 28% reduction in property-tax-based education spending, and we’re right in line with the national average with no state-level action necessary.