Proposed Loss to Districts

Thanks to Mike Cullen of Knowing Newport for posting the link of funding losses from ABC News, Channel 6.
These numbers are ALL MINUS.

Middletown
General Revenue Sharing: $829,818
Permanent School Fund: $65,591
Professional Development (given to schools for teacher training): $102,859

Sub Total $998,268 (minus)

Motor Vehicle: $34,883
Housing Aid: $57,755
Reducing Education Aid (for Pensions): $781,566

Grand Total: $1,756,962


Newport

General Revenue Sharing: $1,564,737
Permanent School Fund: $74,176
Professional Development (given to schools for teacher training): $106,908

Sub Total $ (minus) 1,756,821

Housing Aid: $29,897
Motor Vehicle: $97,913
Reducing Education Aid: $696,318

Grand Total: $2,569,949

Sorry, tired of switching screens & typing. Check the link for Tiverton & Little Compton until later.

The pension contribution is a LOSS. It's also a PLUS for localities since they will no longer have to pay that amount (it was a joint contribution). Got it?