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Does IUSD have the choice to operate as a Basic Aid district, or can it remain under the Revenue Limit formula?

April 26, 2017aid BASIC district Formula iusd limit operate remain revenue

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Does IUSD have the choice to operate as a Basic Aid district, or can it remain under the Revenue Limit formula?

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Districts are automatically funded under the Basic Aid model when their property taxes surpass the amount of unrestricted dollars that the state would have provided. While there is no choice in the matter, remember that school districts qualify for whichever formula funds at a higher rate.