How does the Fiscal Capacity Index influence the local share of each county for funding the Basic Education Program?
The index is the portion of total fiscal capacity for which each county has responsibility. If county A has an index of 3.45% in FY 2004, then county A is responsible for 3.45% of the total local share (in dollars) of the BEP. The total local share depends on the total cost of the BEP and the local match rate set in statute. If a countys index goes up, or down, that countys share of responsibility changes. Changes in the fiscal capacity index have much less effect on funding than do changes in the local match rate set in statute or changes in the total cost of the BEP.
Related Questions
- How does the Fiscal Capacity Index influence the local share of each county for funding the Basic Education Program?
- Which body has the higher authority – a county professional development board or the local board of education?
- How are Local Education Authorities involved in funding/running the C2S projects?
