From this blog, March 2007:
Since June of 2006 CCSD has known that school funding would change and that those changes would not favor Charleston County. That's when the SC Legislature voted to swap "pots" from property taxes to sales taxes for a new state funding system for its school districts. Perhaps the magnitude of the shortfall is a surprise, but no one paying attention could have believed that funds directed to CCSD from the state would not fall as a result of the reform.
Charleston County (and other coastal counties such as Beaufort) has high property values, higher than those represented, for example, in the Corridor of Shame. As a result, it has spent more per pupil than the state average. Clearly the formula now in place redistributes state funds so that those districts spending less per pupil in the past will get more from the state.
Now it gets interesting. Beginning in 2008 sales tax money will be divided up based on school districts' 2007-08 baseline budgets plus allowances for growth, poverty, inflation, etc. Thus, CCSD naturally wants that budget to be as high as possible. In fact, it is taking the issue directly to McConnell & Harrell in hopes of an exemption or one-time relief or a miracle.
Why didn't they take it to them before now? McConnell and Harrell had to have known this situation would develop. I'm curious--what were they thinking?
Friday, December 04, 2015
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