School Finance
June 13, 2012

Fact Sheet 12-23: 96.5% of School Budgets Passed

Source: Research and Educational Services

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On May 15th, voters across the state approved 654 school budgets and defeated 24 – a 96.5% approval rate. Despite this high approval rate many voters were faced with school budgets that contained numerous reductions to educational programs because school districts were dealing with the new property tax cap and because districts are still feeling the impact of the $1.3 billion cut in state aid to education that was enacted in the 2011-12 school year.

Districts with a defeated budget may resubmit the same budget to the voters, resubmit a revised budget to the voters, or adopt a contingency budget. If a school district chooses to have a budget revote, it must occur on June 19th – the third Tuesday in June. If a second budget proposal is defeated, the district must adopt a contingency budget. Districts that adopt a contingency budget may not increase the tax levy above the previous year's levy—a 0% cap.

Download complete document: (154k pdf)

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