State funding issues forcing vote for increased LOB authority in McPherson USD 418

By Staff Reports
April 16, 2015

The McPherson USD 418 Board of Education will ask voters for permission to increase the district's local option budget authority via a mail in ballot in June. The move responds to a law that freezes school funding for the next two years with less money. This is the board's way of filling the gap. The local option budget is funded through local property taxes and state funding. It is defined as a percentage of a district's general fund. The current level is 30 percent. If voters approve, it will increase to 33 percent. This does not mean that the district will necessarily set its LOB at that level, just that it has the authority to do so. This would make nearly a half million dollars available that is not currently. Ballots will be due back by June 23rd.