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Breakdown of district funding levels if Senate Bill 509 becomes law

Breakdown of district funding levels if Senate Bill 509 becomes law

Ratings: (0)|Views: 142|Likes:
Published by ProgressMissouri
FOR IMMEDIATE RELEASE
April 17, 2014

Gov. Nixon issues statement on data showing the impact of Senate Bill 509 on funding for local public schools

Senate Bill 509 would drain $620 million annually from public education and other priorities.

JEFFERSON CITY – Gov. Jay Nixon today issued the following statement regarding data requested by the Missouri School Boards Association showing the impact Senate Bill 509 would have on local school districts across the state.

“These new numbers show that if the legislature succeeds in punching a $620 million hole in our state budget with this unaffordable giveaway to special interests, it’s our students and schools who will pay the price,” Gov. Nixon said. “Senate Bill 509 would drain hundreds of millions of dollars annually out of our K-12 schools -- weakening our economy, undermining our stable business climate, and putting full funding of the foundation formula out of reach. Missourians want good schools and good jobs, not another dangerous scheme to defund our K-12 classrooms.”

According to the fiscal estimate produced by the legislature, Senate Bill 509 would reduce state revenues by more than $620 million annually when fully implemented. K-12 education is heavily dependent on general revenue, so public schools are affected disproportionately by measures that reduce the general revenue budget, such as Senate Bill 509.

“Missouri already has the sixth lowest taxes in the nation and even the conservative Tax Foundation has slammed these ill-conceived gimmicks for failing to create jobs or generate economic growth,” Gov. Nixon said. “For our state to succeed in today’s high-tech global economy, we need to our students to be prepared to compete worldwide. But instead of investing in public education, this legislature has chosen to funnel money away from our classrooms and into the pockets of lawyers and lobbyists who need it the least. The choice facing members of the legislature has never been clearer: they can support Senate Bill 509 or they can support public schools, but they cannot do both.”

Senate Bill 509 includes a 25 percent tax deduction for so-called “business-income.” This type of income is often reported by wealthier individuals, such as lawyers and lobbyists, with LLCs or corporate partnerships. In February, the right-leaning Tax Foundation wrote that “special carve-outs like this simply encourage individuals to structure themselves as pass-through entities for tax reasons, even if there is no economic or business reason for doing so.”

Instead of the unaffordable approach taken by Senate Bill 509, Gov. Nixon has laid out a proposal to fully fund the K-12 foundation formula and give working families a responsible tax cut by reining in wasteful tax credit expenditures.

Over the coming days, the Governor said his administration would continue to review the bill to identify any additional unintended consequences or drafting errors.

A link to the breakdown of district funding levels if Senate Bill 509 becomes law is available here. The data was generated using the same methodology used by education groups in assessing the impact of House Bill 253 last year.

###
FOR IMMEDIATE RELEASE
April 17, 2014

Gov. Nixon issues statement on data showing the impact of Senate Bill 509 on funding for local public schools

Senate Bill 509 would drain $620 million annually from public education and other priorities.

JEFFERSON CITY – Gov. Jay Nixon today issued the following statement regarding data requested by the Missouri School Boards Association showing the impact Senate Bill 509 would have on local school districts across the state.

“These new numbers show that if the legislature succeeds in punching a $620 million hole in our state budget with this unaffordable giveaway to special interests, it’s our students and schools who will pay the price,” Gov. Nixon said. “Senate Bill 509 would drain hundreds of millions of dollars annually out of our K-12 schools -- weakening our economy, undermining our stable business climate, and putting full funding of the foundation formula out of reach. Missourians want good schools and good jobs, not another dangerous scheme to defund our K-12 classrooms.”

According to the fiscal estimate produced by the legislature, Senate Bill 509 would reduce state revenues by more than $620 million annually when fully implemented. K-12 education is heavily dependent on general revenue, so public schools are affected disproportionately by measures that reduce the general revenue budget, such as Senate Bill 509.

“Missouri already has the sixth lowest taxes in the nation and even the conservative Tax Foundation has slammed these ill-conceived gimmicks for failing to create jobs or generate economic growth,” Gov. Nixon said. “For our state to succeed in today’s high-tech global economy, we need to our students to be prepared to compete worldwide. But instead of investing in public education, this legislature has chosen to funnel money away from our classrooms and into the pockets of lawyers and lobbyists who need it the least. The choice facing members of the legislature has never been clearer: they can support Senate Bill 509 or they can support public schools, but they cannot do both.”

Senate Bill 509 includes a 25 percent tax deduction for so-called “business-income.” This type of income is often reported by wealthier individuals, such as lawyers and lobbyists, with LLCs or corporate partnerships. In February, the right-leaning Tax Foundation wrote that “special carve-outs like this simply encourage individuals to structure themselves as pass-through entities for tax reasons, even if there is no economic or business reason for doing so.”

Instead of the unaffordable approach taken by Senate Bill 509, Gov. Nixon has laid out a proposal to fully fund the K-12 foundation formula and give working families a responsible tax cut by reining in wasteful tax credit expenditures.

Over the coming days, the Governor said his administration would continue to review the bill to identify any additional unintended consequences or drafting errors.

A link to the breakdown of district funding levels if Senate Bill 509 becomes law is available here. The data was generated using the same methodology used by education groups in assessing the impact of House Bill 253 last year.

###

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Published by: ProgressMissouri on Apr 21, 2014
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FOUNDATION FORMULA COMPARISONS
 
Governor's FY 15SB 509RecommedationFull Cost Impact$3,353,283,124$3,130,283,124$223,000,000Redux of $223 MChange
001-090 ADAIR CO. R-I $1,275,932 $1,250,730 ($25,202)001-091 KIRKSVILLE R-III $8,968,965 $8,242,076 ($726,889)001-092 ADAIR CO. R-II $1,085,489 $1,064,048 ($21,440)002-089 NORTH ANDREW CO. R-VI $1,904,442 $1,866,826 ($37,616)002-090 AVENUE CITY R-IX $703,464 $647,951 ($55,513)002-097 SAVANNAH R-III $9,332,288 $8,642,523 ($689,766)003-031 TARKIO R-I $1,884,832 $1,847,603 ($37,229)003-032 ROCK PORT R-II $778,560 $710,958 ($67,602)003-033 FAIRFAX R-III $430,106 $421,611 ($8,495)004-106 COMMUNITY R-VI $1,091,057 $1,069,506 ($21,550)004-109 VAN-FAR R-I $2,312,335 $2,131,218 ($181,116)004-110 MEXICO 59 $8,756,799 $8,057,998 ($698,802)005-120 WHEATON R-III $2,530,816 $2,371,591 ($159,226)005-121 SOUTHWEST R-V $4,283,029 $4,011,691 ($271,339)005-122 EXETER R-VI $1,922,380 $1,801,538 ($120,842)005-123 CASSVILLE R-IV $7,032,178 $6,492,237 ($539,940)005-124 PURDY R-II $3,706,656 $3,472,384 ($234,273)005-127 SHELL KNOB 78 $447,088 $438,257 ($8,831)005-128 MONETT R-I $12,155,559 $11,333,459 ($822,100)006-101 LIBERAL R-II $1,958,935 $1,815,202 ($143,733)006-103 GOLDEN CITY R-III $936,315 $896,410 ($39,905)006-104 LAMAR R-I $4,843,301 $4,455,214 ($388,087)007-121 MIAMI R-I $1,040,605 $1,020,052 ($20,554)007-122 BALLARD R-II $738,009 $723,432 ($14,577)007-123 ADRIAN R-III $3,497,164 $3,262,198 ($234,966)007-124 RICH HILL R-IV $2,133,153 $1,986,616 ($146,537)007-125 HUME R-VIII $712,606 $698,531 ($14,075)007-126 HUDSON R-IX $251,935 $230,315 ($21,620)007-129 BUTLER R-V $4,256,117 $3,933,564 ($322,554)008-106 LINCOLN R-II $1,889,151 $1,741,391 ($147,760)008-107 WARSAW R-IX $4,598,009 $4,206,560 ($391,450)008-111 COLE CAMP R-I $2,892,125 $2,677,914 ($214,210)009-077 MEADOW HEIGHTS R-II $2,390,937 $2,222,179 ($168,758)009-078 LEOPOLD R-III $861,123 $803,733 ($57,390)009-079 ZALMA R-V $1,177,894 $1,098,354 ($79,540)009-080 WOODLAND R-IV $4,327,500 $4,030,869 ($296,630)010-087 SOUTHERN BOONE CO. R-I $6,284,291 $5,847,009 ($437,282)010-089 HALLSVILLE R-IV $6,500,878 $6,078,185 ($422,693)010-090 STURGEON R-V $1,800,060 $1,764,505 ($35,555)010-091 CENTRALIA R-VI $5,727,429 $5,317,408 ($410,021)010-092 HARRISBURG R-VIII $2,503,838 $2,331,498 ($172,341)010-093 COLUMBIA 93 $54,457,770 $49,642,550 ($4,815,219)011-076 EAST BUCHANAN CO. C-1 $3,183,486 $3,120,606 ($62,880)011-078 MID-BUCHANAN CO. R-V $2,502,877 $2,306,369 ($196,509)011-079 BUCHANAN CO. R-IV $1,980,985 $1,941,856 ($39,128)
1
 
FOUNDATION FORMULA COMPARISONS
 
Governor's FY 15SB 509RecommedationFull Cost Impact$3,353,283,124$3,130,283,124$223,000,000Redux of $223 MChange
011-082 ST. JOSEPH $47,491,584 $43,812,899 ($3,678,685)012-108 NEELYVILLE R-IV $2,999,586 $2,798,986 ($200,600)012-109 POPLAR BLUFF R-I $20,785,716 $19,236,111 ($1,549,605)012-110 TWIN RIVERS R-X $4,418,281 $4,111,647 ($306,634)013-054 BRECKENRIDGE R-I $642,679 $629,985 ($12,694)013-055 HAMILTON R-II $3,320,932 $3,095,066 ($225,866)013-057 NEW YORK R-IV $294,368 $288,554 ($5,814)013-058 COWGILL R-VI $370,476 $363,159 ($7,318)013-059 POLO R-VII $1,842,606 $1,717,141 ($125,466)013-060 MIRABILE C-1 $370,367 $345,494 ($24,874)013-061 BRAYMER C-4 $1,376,388 $1,349,201 ($27,186)013-062 KINGSTON 42 $290,139 $284,408 ($5,731)014-126 NORTH CALLAWAY CO. R-I $4,527,677 $4,182,951 ($344,726)014-127 NEW BLOOMFIELD R-III $2,827,971 $2,625,284 ($202,688)014-129 FULTON 58 $8,205,826 $7,571,174 ($634,651)014-130 SOUTH CALLAWAY CO. R-II $616,576 $604,398 ($12,179)015-001 STOUTLAND R-II $2,216,223 $2,066,092 ($150,132)015-002 CAMDENTON R-III $4,622,240 $4,530,941 ($91,298)015-003 CLIMAX SPRINGS R-IV $283,576 $277,975 ($5,601)015-004 MACKS CREEK R-V $1,264,664 $1,165,184 ($99,481)016-090 JACKSON R-II $16,644,579 $15,344,622 ($1,299,957)016-092 DELTA R-V $1,319,569 $1,222,383 ($97,186)016-094 OAK RIDGE R-VI $1,380,211 $1,352,949 ($27,262)016-096 CAPE GIRARDEAU 63 $9,679,835 $8,570,643 ($1,109,193)016-097 NELL HOLCOMB R-IV $1,077,831 $970,496 ($107,335)017-121 HALE R-I $618,332 $606,119 ($12,213)017-122 TINA-AVALON R-II $768,407 $753,229 ($15,177)017-124 BOSWORTH R-V $631,831 $619,351 ($12,480)017-125 CARROLLTON R-VII $2,890,403 $2,719,373 ($171,029)017-126 NORBORNE R-VIII $928,564 $910,223 ($18,341)018-047 EAST CARTER CO. R-II $3,881,516 $3,633,365 ($248,152)018-050 VAN BUREN R-I $2,497,929 $2,329,296 ($168,633)019-139 ARCHIE R-V $2,657,692 $2,477,234 ($180,457)019-140 STRASBURG C-3 $632,294 $615,457 ($16,837)019-142 RAYMORE-PECULIAR R-II $24,873,064 $23,080,849 ($1,792,215)019-144 SHERWOOD CASS R-VIII $4,127,830 $3,838,982 ($288,848)019-147 EAST LYNNE 40 $958,561 $916,006 ($42,556)019-148 PLEASANT HILL R-III $9,190,129 $8,538,475 ($651,654)019-149 HARRISONVILLE R-IX $9,794,857 $9,035,147 ($759,710)019-150 DREXEL R-IV $1,587,861 $1,556,498 ($31,363)019-151 MIDWAY R-I $1,990,843 $1,951,520 ($39,323)019-152 BELTON 124 $22,634,554 $21,053,750 ($1,580,804)019-153 BELTON FEDERAL LANDS $489,548 $455,357 ($34,190)020-001 STOCKTON R-I $4,181,946 $3,869,144 ($312,802)020-002 EL DORADO SPRINGS R-II $5,254,723 $4,872,620 ($382,103)
2
 
FOUNDATION FORMULA COMPARISONS
 
Governor's FY 15SB 509RecommedationFull Cost Impact$3,353,283,124$3,130,283,124$223,000,000Redux of $223 MChange
021-148 NORTHWESTERN R-I $540,969 $530,284 ($10,685)021-149 BRUNSWICK R-II $922,974 $844,772 ($78,202)021-150 KEYTESVILLE R-III $554,908 $543,947 ($10,960)021-151 SALISBURY R-IV $749,090 $734,294 ($14,796)022-088 CHADWICK R-I $1,086,582 $1,013,634 ($72,948)022-089 NIXA R-II $26,745,339 $24,980,509 ($1,764,830)022-090 SPARTA R-III $4,036,776 $3,782,221 ($254,555)022-091 BILLINGS R-IV $1,916,294 $1,783,190 ($133,104)022-092 CLEVER R-V $5,568,109 $5,223,459 ($344,650)022-093 OZARK R-VI $25,094,859 $23,425,670 ($1,669,189)022-094 SPOKANE R-VII $3,761,761 $3,511,767 ($249,993)023-099 LURAY 33 $247,740 $239,181 ($8,558)023-101 CLARK CO. R-I $3,374,699 $3,108,576 ($266,123)024-086 KEARNEY R-I $14,364,723 $13,264,661 ($1,100,062)024-087 SMITHVILLE R-II $10,327,786 $9,571,960 ($755,826)024-089 EXCELSIOR SPRINGS 40 $12,832,008 $11,987,999 ($844,009)024-090 LIBERTY 53 $51,459,441 $47,944,796 ($3,514,644)024-091 MISSOURI CITY 56 $218,719 $214,399 ($4,320)024-093 NORTH KANSAS CITY 74 $60,784,722 $55,107,457 ($5,677,265)025-001 CAMERON R-I $8,846,504 $8,241,678 ($604,825)025-002 LATHROP R-II $4,368,400 $4,282,115 ($86,284)025-003 CLINTON CO. R-III $2,797,273 $2,742,022 ($55,251)026-001 COLE CO. R-I $2,217,360 $2,038,802 ($178,558)026-002 BLAIR OAKS R-II $4,862,190 $4,516,308 ($345,882)026-005 COLE CO. R-V $2,178,505 $1,995,038 ($183,467)026-006 JEFFERSON CITY $20,059,150 $17,745,888 ($2,313,262)027-055 BLACKWATER R-II $633,925 $621,404 ($12,521)027-056 COOPER CO. R-IV $1,011,247 $991,273 ($19,974)027-057 PRAIRIE HOME R-V $636,722 $587,379 ($49,343)027-058 OTTERVILLE R-VI $1,092,785 $1,071,200 ($21,585)027-059 PILOT GROVE C-4 $1,028,165 $976,991 ($51,174)027-061 BOONVILLE R-I $4,643,500 $4,233,610 ($409,890)028-101 CRAWFORD CO. R-I $4,436,388 $4,126,076 ($310,312)028-102 CRAWFORD CO. R-II $6,823,731 $6,337,138 ($486,593)028-103 STEELVILLE R-III $4,149,843 $3,862,299 ($287,544)029-001 LOCKWOOD R-I $1,364,875 $1,260,103 ($104,771)029-002 DADEVILLE R-II $758,676 $743,690 ($14,985)029-003 EVERTON R-III $745,912 $731,178 ($14,733)029-004 GREENFIELD R-IV $1,820,388 $1,681,127 ($139,261)030-093 DALLAS CO. R-I $7,697,211 $7,146,238 ($550,972)031-116 PATTONSBURG R-II $993,234 $973,616 ($19,618)031-117 WINSTON R-VI $808,822 $792,846 ($15,976)031-118 NORTH DAVIESS R-III $528,127 $517,695 ($10,432)031-121 GALLATIN R-V $2,705,986 $2,515,187 ($190,799)031-122 TRI-COUNTY R-VII $888,222 $870,678 ($17,544)
3

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