Where does a school government get its funding?
Taxes, and fundraisers, and also local, state, and federal payments.
What is the purpose of a levy/bond and how do they work?
They help pay for things within a school corporation. They are voted on by people within a town/city, and if approved, they will take money from each household to pay off the levy/bond.
If a levy/bond is approved, and there are 2 houses how much will each house pay?
A valuation of the houses will be made, and they will split up the money accordingly, having the house with the highest valuation pay the highest percentage of the levy/bond and vice versa.
If a levy/bond is approved and there are 2 houses with the same valuation, how will the money be split?
The houses will pay the same amount to the levy/bond.
What does a levy usually pay off?
Levy is for learning, meaning it usually upgrades and gets new tools within the school, and might upgrade transportation, like getting new busses, or repairing old ones.
What does a bond usually pay off?
Bond is for building, meaning it usually is used to pay for renovations within the school, or building more classrooms and adding square footage to school grounds.
Explain a situation using millage rate
Multiple answers, ex: If the millage rate is ten, and your house is valued at 100,000, you would have to pay 1,000 yearly. You basically multiply the millage rate by the number of thousands a property is worth. A mill is worth a tenth of a penny.
What is the school board supposed to do, and what are their powers?
They make policies for the school corporation, approve curriculums and budgets, decide whether or not to have a school day during situations (weather, emergency, etc.), and hire the superintendant and the assistant superintendant. They are also meant to interact with parents and people working within the school.
How many people are typically on a school board?
5 to 9.
`What is typical of school spending?
Renovations, repairs, and getting new learning tools.
