Slated cuts hit private schools
Bangor Daily News, March 24, 2008
(excerpt) Proposed cuts in the state education budget would reduce funds to private high schools in the state, although a compromise in committee would lessen the blow somewhat.
Gov. John Baldacci’s latest state budget proposal calls for a $34 million reduction in education funding including a one-time elimination of the insured value factor for private high schools.
The insured value factor allows some private high schools to add a 10 percent surcharge onto the maximum allowed tuition rate they charge districts that send students to their schools. The surcharge is earmarked for capital construction projects, according to Department of Education spokesman David Connerty-Marin.
The current maximum tuition rate is about $8,000 per student, Connerty-Marin said Friday, which, if the proposed cut stands, would mean private schools would receive about $800 less per tuitioned student next year.
A compromise worked out between the Legislature’s Education and Appropriations committees, however, would put back half of the insured value factor surcharge and allow the independent schools to charge 5 percent above the maximum tuition rate.
(excerpt) Proposed cuts in the state education budget would reduce funds to private high schools in the state, although a compromise in committee would lessen the blow somewhat.
Gov. John Baldacci’s latest state budget proposal calls for a $34 million reduction in education funding including a one-time elimination of the insured value factor for private high schools.
The insured value factor allows some private high schools to add a 10 percent surcharge onto the maximum allowed tuition rate they charge districts that send students to their schools. The surcharge is earmarked for capital construction projects, according to Department of Education spokesman David Connerty-Marin.
The current maximum tuition rate is about $8,000 per student, Connerty-Marin said Friday, which, if the proposed cut stands, would mean private schools would receive about $800 less per tuitioned student next year.
A compromise worked out between the Legislature’s Education and Appropriations committees, however, would put back half of the insured value factor surcharge and allow the independent schools to charge 5 percent above the maximum tuition rate.
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