How "adequate" is defined in Arkansas: $5,770 per pupil

HB1633 is much better and increases the foundation to $5,719 in 2007-08 (and to $5,789 in 2008-09). It also grants additional funds taking the average daily membership into account and calls these additional funds "enhanced educational funding." These funds basically amount to $51 for the first year ($87 for the second year) of the biennium.
Other than the amount appropriated for foundation, HB1632 does consider the tax collection rate, which has been a sticking point with the school districts. The legislation does address declining enrollment funding and categorical funding amounts -- as stated previously, it is my belief that the legislature could get away with a modest increase in the foundation if the categorical funding (especially NSLA) included a more generous increase.
Also, upon the first reading of HB1632 (if I'm reading it right), it mandates that at least $27 of the $28 increase in foundation be allocated to the payment of insurance premiums on a policy of property insurance covering buildings (and contents).
Conclusion: We must pass HB1633 in conjunction with HB1632. Section (h) of HB1632 is an unfunded mandate, unless we're calling that bill a $1 increase in per pupil foundation funding. I'd like to see higher numbers associated with the NSLA proposals (see p. 5, lines 18-34 of HB1632), but overall, I'd call it adequate, so long as HB1633 is signed into law.
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