Definition

State financial aid provided to school
districts.
State foundation funding is computed as the difference between the foundation funding amount multiplied by the prior-year three-quarter ADM for the district and the sum of 98% of the uniform rate of tax multiplied by the property assessment of the school district, plus calculated miscellaneous funds. State financial aid adjustments are based on the difference between 98% of the 25 mills URT (uniform rate of tax) multiplied by the assessment and actual net revenues.

Data Source

Arkansas Department of Education, Annual Statistical Report "Foundation Funding" (https://dese.ade.arkansas.gov/Offices/fiscal-and-administrative-services/publication-and-reports/annual-statistical-reports).

Notes

NA: Not Available

Last Updated

2024-12