Allowable Growth in Iowa
Allowable growth provides the bread and butter of school districts’ general fund budgets and allows local decision makers to apply the funds to meet the specific needs of the children in their district.
This tool will help you project allowable growth, budget guarantee, and actual additional funding for FY 2015.
Projecting New Money for FY 2015
It is extremely important that districts review the change in allowable growth dollars and actual funding changes for FY 2015. The additional 2% (the Plus 2%) provided by the legislature for FY 2014 is not part of the on-going school foundation aid formula. Districts cannot count the Plus 2% as continuing funding for FY 2015. Put another way, the 4% allowable growth for FY 2015, equates to 2% new money for FY 2015.
For questions about this information, contact Patti Schroeder, firstname.lastname@example.org, finance support co-director at (800) - 795-4272 x231.