South Dakota’s public school districts are in line to receive a state aid increase above inflation for the 2021-22 school year. At her budget address on Tuesday (12/8), Gov. Kristi Noem proposed a 2.4 percent increase in state aid, which is above the 1.5 percent inflation level required to be provided in state law, …
Proposed state aid increase above inflationary requirement Read More »
Leniency related to general fund cash balance caps could be coming for school districts. Members of the School Finance Accountability Board (SFAB) met recently (9/22) and passed a resolution granting a waiver from the general fund cash balance cap for school districts who receive Coronavirus Relief Funds. Download the SFAB Resolution here and …
SFAB passes resolution related to cash balance cap waivers Read More »
In its final vote, a compromise bill on capital outlay provisions proved to have overwhelming support. House members passed Senate Bill 170, which revises certain provisions regarding school district capital outlay funds, on a 65-3 vote. Among the four votes it took between two committees and two chambers, the bill only had four “No” votes. …
Cap Outlay compromise bill passed, signed into law Read More »
A compromise on revisions to the different capital outlay provisions is getting closer. Just one legislative hurdle remains for Senate Bill 170, which revises certain provisions regarding school district capital outlay funds, after last week (2/25) Senators passed it on a 35-0 vote and on Monday (3/2) House Education committee members passed it 12-0. ASBSD …
Compromise on Capital Outlay fund changes awaits one more vote Read More »
Compromise was reached in capital outlay legislation last week. On a 6-1 vote, Senate Education committee members passed a freshly amended version of Senate Bill 170, which revises certain provisions regarding school district capital outlay funds. The latest version of SB 170 makes multiple changes to the Capital Outlay fund, including: Amends the …
The last other revenue adjustment bill of session was ousted in committee. On a 4-2 vote, Senate Taxation committee members defeated Senate Bill 168, which freezes the other revenue step-down process at 60 percent counted as local effort. Previously, Senate Bill 111 was passed by the committee, but defeated on the Senate floor. …
Legislators had other plans for an other revenue equalization exclusion. Senators defeated Senate Bill 111, which excludes certain wind energy tax revenue from the state aid formula, on a 12-22 vote on Tuesday (2/11). SB 111 would have excluded wind energy from the current other revenue equalization process by going through an eight year …
Three bills are in the queue will decide what happens with the future of the Capital Outlay fund. House Bill 1198, which repeals certain Capital Outlay provisions, Senate Bill 94, which revises provisions for the capital outlay fund, and Senate Bill 170, which revises certain provisions regarding school district capital outlay funds, are all …
A bill excluding one other revenue source from the current step-down equalization process proceeded in the legislature. On a 5-2 vote, Senate Taxation members passed Senate Bill 111, which excludes certain wind energy tax revenue from the state aid formula. Currently, six other revenue sources that can be collected by school districts – …
Gust of support sends wind energy exclusion bill to Senate floor Read More »
Two bills took different directions on their way out of an education committee. Senate Education committee members quickly passed House Bill 1031, which revises certain provisions regarding school district fiduciary funds, on a 7-0 vote on Thursday (2/6). The bill also passed the full Senate and just awaits the signature of Gov. Kristi Noem …
Two bills took different directions out of Sen. Ed. Read More »
Associated School Boards of South Dakota is a private, non-profit organization representing more than 850 local school board members, the school districts they govern and the students they serve.