Updated
We asked Prince Willaim County Public Schools Associate Superintendent for Communications and Technology Services Keith Imon what could happen if the decades-old revenue-sharing agreement between the County School Board and Board of Supervisors changed:
As early as 1986, there was a revenue share in place. The current approach dates back to 1998 when the two boards created the formal agreement. It has evolved over the years with changes in the percent of the split in county revenue.For FY 2016, the School Division’s share of the revenue agreement is 57.23%, with PWCS receiving $507,302,048.
Even when the five-year budget plan is fully funded, it and the revenue sharing agreement are just a starting point. It is always a challenge to fund the School Division's long list of critical unmet needs or to allow for significant new initiatives.
Eliminating or changing the revenue share would probably not require any changes to the way the School Division conducts most business. However, it could change the way the School Division approaches its budgetary planning process – perhaps lengthening the duration of the process and requiring the School Division to make budgetary decisions in the absence of a clearly understood county transfer of revenue. Uncertainty could make long-term planning more challenging for schools, staff, and parents.This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
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