| Aug 28, 2015
The Chamber's Education Committee recently reconvened for their first meeting of the 2015-2016 school year. Special guest Chris Henson, chief financial officer and interim director of MNPS, provided an overview of MNPS' $810 million operating budget and explained the concept of student-based budgeting (SBB).
As opposed to the traditional funding model, which distributes resources to schools in the form of staff and dollars designated for specific purposes, SBB allocates money to schools based on the number of enrolled students. Each student receives a funding "weight" based on need.
The overarching goal of SBB is to increase equity, transparency and flexibility in the MNPS budget. In the SBB model, students are funded equitably regardless of which school they attend, and principals are empowered to personalize their school design and innovate.
Also at the meeting, Dr. Julie McCarger, MNPS director of federal programs and grants, explained the breakdown of funding the district receives from programs such as Title I and Race to the Top. In all, MNPS is projected to receive more than $77.9 million in federal and grant funding in the 2015-2016 school year.
Finally, Dr. Paul Changas, MNPS executive director of research, assessment and evaluation, provided highlights of student achievement ...