Post by Logan on Apr 5, 2016 6:18:24 GMT -6
General Assembly approves temporary fix to limit cuts to Baltimore schools
The General Assembly approved a temporary fix Monday to a problem that has contributed to Baltimore schools losing $50 million in state funding over the past two years.
On paper, Baltimore's wealth appears to be growing at a rate faster than anywhere else in the state, a circumstance that would normally mean the city could take on a greater share of education costs.
But that growth has been fueled by tax subsidies, and the huge developments that have benefited from them pay little or nothing into city coffers.
City lawmakers unsuccessfully tried to tweak state education formulas so that Baltimore wouldn't be penalized by what House Appropriations Chairwoman Maggie McIntosh deemed "artificial wealth."
Read more: www.baltimoresun.com/news/maryland/politics/bs-md-school-aid-formula-20160404-story.html
The General Assembly approved a temporary fix Monday to a problem that has contributed to Baltimore schools losing $50 million in state funding over the past two years.
On paper, Baltimore's wealth appears to be growing at a rate faster than anywhere else in the state, a circumstance that would normally mean the city could take on a greater share of education costs.
But that growth has been fueled by tax subsidies, and the huge developments that have benefited from them pay little or nothing into city coffers.
City lawmakers unsuccessfully tried to tweak state education formulas so that Baltimore wouldn't be penalized by what House Appropriations Chairwoman Maggie McIntosh deemed "artificial wealth."
Read more: www.baltimoresun.com/news/maryland/politics/bs-md-school-aid-formula-20160404-story.html