Change Indicator

K-12 education foundation funding in Arkansas

K-12 education foundation funding

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Definition and Source

PROVIDER

Definition

State financial aid provided to school districts.
State foundation funding is computed as the difference between the foundation funding amount multiplied by the prior-year three-quarter ADM for the district and the sum of 98% of the uniform rate of tax multiplied by the property assessment of the school district, plus calculated miscellaneous funds. State financial aid adjustments are based on the difference between 98% of the 25 mills URT (uniform rate of tax) multiplied by the assessment and actual net revenues.

Data Source

Arkansas Department of Education, Annual Statistical Report

Notes

N.A.: Not Available

Last Updated

December 2023