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School district to get more state aid than expected
By Harold Reutter
harold.reutter@theindependent.com
Published: Friday, April 1, 2011 7:04 AM CDT
Nebraska Department of Education projections of how much state aid each school district would receive under LB235 show that Grand Island will receive almost $2.3 million more than the “worst-case scenario” that Virgil Harden, Grand Island Public Schools business director, has been using to craft a 2011-12 budget.
The projections were released on Thursday.
In an interview with The Independent, Harden said Grand Island is still receiving $5.7 million less than if the state aid formula was fully funded. However, Harden has been using a worst-case scenario of an $8 million drop in state aid.
As a result, Harden said it could be possible to implement a number of “add-backs” discussed by school board members during their retreat on March 25 and 26. Furthermore, the $2.3 million improvement in the state aid picture means that those add-backs can be accomplished without a $2 million drawdown in the school district’s cash reserve.
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