What will the requirements on “minimum instructional days” and “minimum contract hours” look like for those currently on – or, possibly transitioning to – a 4-day school week?
This is a new requirement, so the answer is: we don’t quite know yet. The State Board has until August 1, 2024 to adopt the policy. We can tell you that there is a high likelihood that they will analyze high-performing 4-day school districts, who appear to have an average of 145 student instructional days and approximately 165 teacher contract days. That said, the soonest you’ll likely see a public conversation on any proposed policy from the State Board would be at their April Board meeting, but it is possible the final policy will be in place as soon as May 2024. While we realize that no district could reasonably pivot to add additional days in a short period of time, please know that you have until July 1, 2025, to be able to attest to the requirements in order to draw down the “lump sum” amount in the School Modernization Fund.
What happens if we elect to take the “new” money on an annualized distribution vs. the lump sum?
Please make sure you know that if you elect to receive the new distributional annually, instead of the lump sum up-front, that you’ll be required to use the funds to “pay down” any existing bonds, plant facility levies or supplemental levies before you can begin using it on maintenance, renovation, or reconstruction.
Do you have a spreadsheet of each district’s distribution?
Unfortunately, we have not received an official copy of the spreadsheet that includes this data. We have requested a copy and will provide it if one is made available to us. We do know that some spreadsheets are floating around, and it’s our recommendation that you wait for any official sheet so that the data can be verified.