A committee appointed by South Dakota Governor Dennis Daugaard is looking at possible changes to the formula that allows school districts to spend their capital outlay dollars outside that narrow definition. The legislature loosened the guidelines when state aid was cut in 2011.
Yankton School Superintendent Dr. Wayne Kindle says they don’t want to see the legislature make major changes to the way the fund can be used…
Kindle says they use capital outlay funds for a number of programs that directly impact students…
One reason the committee is looking at the fund is that the tax levy is the same across all types of property. Kindle says that helps provide the stable funding…
The committee is made up of legislators, school officials and businesspeople, and may make some recommendations to the Governor before his budget address in early December.
