Panel Urges RI to Rewrite School Funding Formula
A Rhode Island Foundation Blue Ribbon Commission is calling for a major overhaul of the state's school funding formula, recommending the state increase its share of K-12 education costs from the current 38% to relieve pressure on municipal property taxes. The commission proposes expanding the formula to cover transportation, special education, and teacher pension costs while requiring municipalities to make minimum contributions based on property wealth.
