Repeal School Financing Law, Iowa Gov. Says

Tuesday, January 31, 2012

A law that requires the Legislature to establish a state limit on public school spending 18 months in advance should be repealed, Gov. Terry Branstad said this morning.

The budget limit – commonly known as allowable growth – has been a longtime act that school advocates say helps schools prepare for upcoming years before they lock in tax rates, certify budgets with the state and enter into contracts with staff.

It’s also an indication of how much the state will allocate to public schools on a per-pupil basis.

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