Co-sponsors SB 40 correcting miscalculation in education funding aid formula
CONCORD – Sen. Sharon Carson, R-Londonderry, made the most of the first voting day of the new legislative session by working to save taxpayers in Londonderry and Auburn over $334,000. As co-sponsor of SB 40, Carson is seeking to correct a flaw in the state’s current education funding formula. If left unfixed, the flaw would require taxpayers to make good on a $334,000 mistake created by an accounting error. Following Carson’s lead, the Senate voted 23-0 to pass SB 40 and send it on to the House.
Stressing the need to act on SB 40, Sen. Carson said, “This bill restores much needed funding for the school systems in Londonderry and Auburn. If this error went uncorrected, we would have seen an increase in taxes to make up the difference or a cut in programs. I am glad that the problem was quickly identified and that by supporting this bill, we can readily correct the problem.”
Carson noted the fix contained in SB 40 is rooted in the state education adequacy aid formula for 2012. It includes a “hold harmless” clause that distributed a stabilization grant that ensured a district would receive the same amount of school funding aid as the previous year. Due to a miscalculation by the Department of Education, grants for seventy-seven cities and towns were in error. Londonderry is owed $307,286 while Auburn is owed $27,235 for a total of $334,521.
Superintendent of the Londonderry School District, Nate Greenberg added, “We are very grateful to Sen. Carson for her leadership and quick action to address the calculation error in the Adequacy Formula for the 2012-13 school year. Her actions will have a twofold benefit for our School District and our taxpayers. First, if the error were uncorrected we would have had to reduce programs and services this year, since we would have been short $307,286 in revenue. In addition the amount of money we are projecting for a fund balance for the 2013-14 school year would have also been impacted having a negative impact on next year’s tax rate.”
*** Please Note ***
A unanimous roll call vote in the state Senate is usually 24-0 but one senator was missing today due to an excused absence so all unanimous vote counts were 23-0.