Mayor Finch and Bridgeport say… But we don’t want to spend our money on education… - Wait, What?

Mayor Finch and Bridgeport say… But we don’t want to spend our money on education… - Wait, What?:

Mayor Finch and Bridgeport say… But we don’t want to spend our money on education…

by jonpelto

What Bridgeport needs is an NBA Franchise!

Connecticut’s taxpayers cover more than 80 percent of the costs associated with running Bridgeport’s Schools.

For more than twenty-five years, Connecticut’s primary funding mechanism has been called the Education Cost Sharing (ECS) formula.   Underfunded by about $2 billion dollars, the money is distributed to towns based on a variety of factors including the number of students living in poverty and the town’s ability to come up with their own funds via their local property taxes.

Every town gets some state aid; the poorest towns get the most.

There are three criteria that towns must meet to get their state aid;

First, the entire amount of the ECS state-grant MUST be spent on education

Second, any increase in the ECS grant CAN NOT be used to supplant local funding for