Agenda- 05-14-20; Item 1-A - Public School Forum Local School Finance Study

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04 HIGHLIGHTS OF THE 2020 LOCAL SCHOOL LocalWHAT'S NEW This year,the ..includes new information about charter schools and their impact on local public ;r schools, .. Leandro v.State of North Carolina. II.,. THE NEXT CHAPTER • • - •In j I � past years,we have included . sectionon the Historical Perspective on State and Local School . • we've ' swapped that out with a more detailed look at the history of the 25-year-old school funding case known as Leandro,as well as a discussion of the recommendations set forth in the court-ordered report,"Sound Basic Education for All:An Action I I f •lan for North Carolina," published by the independent • (agreed • byall parties • • Jf �I LOCAL SCHOOL FINANCE STUDY 2020: RANKINGS AT-A-GLANCE The chart on the next page provides a summary of key rankings from our analyses,calculated in the five tables included in the appendices to this report. Property Value Rank:The first column shows county rankings This column can be analyzed alongside the second column to based on the real estate wealth available in each county. Most show the impact of supplemental funding on counties' relative local funding for schools comes from property taxes.Counties rankings.(See Table 3) ranked higher on this measure have more real property available for potential taxation to support education.(See Table 1) Ability to Pay Rank:The fourth column's rankings reflect an analysis of each county's fiscal capacity to support public Actual Effort Rank: Rankings in the second column reflect the schools,taking into account property values(from the first actual dollar effort of counties to fund schools,without taking column,adjusted using the state's average effective property into account property wealth.Counties that spend the most per tax rate)and non-property tax revenues. Large, urban counties student rank highest on this measure.(See Table 2) that combine high adjusted property valuations with broad-based economic activity and high per capita incomes tend to receive Actual Effort Rank II:The rankings in the third column serve high rankings on this measure.(See Table 4) the same purpose as the second column, but take into account supplemental state funding provided for low-wealth and small Relative Effort Rank:The final column compares Actual Effort counties.Counties that spend the most per student based on (from Table 2)and Ability to Pay(from Table 4). Low-wealth county spending combined with low-wealth and small county counties with comparatively high spending levels tend to rank supplemental state funding rank highest on this measure. highest in this measure.(See Table 5)