MEXICO – A special workshop session for SAD 43 board directors is set for 6:30 tonight in the superintendent’s conference room at the central office.
Superintendent Jim Hodgkin said he will review possible changes to the state aid to education funding formula that could have an impact on the amount of money each of the district’s towns raises for education.
In the past, the formula has been split between the number of students each town sends to a district and the valuation of the town, 25/75 percent. Recently passed legislation changed that to a formula that relies solely on student population.
Hodgkin said Mexico could experience a significant increase, Roxbury a slight increase, and Rumford and Byron a decrease in the amount of money they must raise.
A second law limits the number of mills that a town must raise to just over eight.
Hodgkin will explain the two possibilities and the likelihood of which may be used.
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