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Chairman Aycock Files School Finance Bill

House Public Education chairman Jimmie Don Aycock filed HB 654 today, which would make major changes to the current school finance system. HB 654 would create School Finance Districts (SFD), which would force consolidation of districts for tax purposes only.

"Once the taxable wealth disparity is removed it becomes a simpler matter to appropriate the Foundation School Program of which every weighted student (WADA) gets exactly the same state dollars. This assumes no hold harmless, no target revenue, no recapture, etc. All wealth disequity would be minimized to an allowable band," wrote Aycock.