DaazhraiiFind more about Alaska foundation funding formula on the SOA and Alaska Policy Forum websites: https://education.alaska.gov/schoolfinance/foundationfunding
And here: https://alaskapolicyforum.org/2023/03/commentary-on-citizens-guide-to-k-12-funding-in-alaska/https://alaskapolicyforum.org/2023/03/commentary-on-citizens-guide-to-k-12-funding-in-alaska/
The YFSD receives its funding based on what’s called a foundation funding formula. This is a complicated calculation that is made each year based on the count period, where each school counts student attendance and reports it to the State of Alaska Department of Education and Early Development. You can read more about this formula here:
https://aasb.org/wp-content/uploads/Foundation-Formula-1-page-Summary-web.pdf
On June 19, 2023, Alaska Governor Mike Dunleavy signed the FY24 State of Alaska budget. Priorities included public education with an increase of $65 million. The increased budget priorities were ANSEP, CTE, Teacher Recruitment, Head Start, school maintenance, and the Alaska Reads Act. The funding formula was minimally increased. See here: https://gov.alaska.gov/governor-dunleavy-signs-fy24-state-budget-prioritizing-public-safety-education-and-economic-development/
Governor Dunleavy Signs FY24 State Budget Prioritizing Public Safety, Education and Economic Development - Mike Dunleavy
Yesterday, Alaska Governor Mike Dunleavy signed the Fiscal Year 2024 state operating and capital budgets into law. This budget, with line-item vetoes, represents prudent and fiscally responsible investments in public safety, public education, and economic development. The vetoes resulted from a thorough evaluation and consistent application of the priorities of the Dunleavy Administration to grow savings and ensure fiscal stability. “This budget is a responsible path for Alaska’s financial future,” said Governor Dunleavy. » Read more about: Governor Dunleavy Signs FY24 State Budget Prioritizing Public Safety, Education and Economic Development »
The fact that the YFSD is an REAA impacts how much funding is distributed to the district on an annual basis. The State of Alaska fiscal year (FY) is from July 1-June 30th every year. The current fiscal year we are in is the State of Alaska FY2024. The time period for FY24 is July 1, 2023 to June 30, 2024. This means that we are currently in FY24.