Antiquated Basic Education Funding Formula is Hurting Lehigh Valley Homeowners and Students
The following Op-Ed is from Sen. Lisa Boscola (D – Lehigh/Northampton):
The Basic Education Funding Formula is the single largest education funding stream in the commonwealth’s budget. Until 2014, each year when the General Assembly passed a budget it distributed basic education funding dollars to our school districts based on what they received the year before — regardless of whether the student population grew or shrank. This led to large disparities throughout the state when it came to where money went versus where it was needed. Some school districts received over 70 percent of their funding for their school programs from the state while other school districts received as low as 30 percent. As you can imagine this led to significant inequality in property tax burdens for homeowners.