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City officials proposed limiting annual increases in the school funding formula to 3%, but no amendment was adopted. The School Board will develop a counterproposal, with discussions about funding scenarios targeted by April 30.
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The proposed change would limit year-over-year increases in the city’s contribution to public schools while preserving the formula’s share of eligible revenue. Council said the change is needed as the city considers an estimated $60 million high school project and other municipal needs while trying to avoid higher real estate taxes. The two elected bodies agreed to continue working directly with each other during the budget process; the School Board will present its proposal at a public meeting.
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