The finance staff of SD2 (led by Leo Hudetz) quickly analyzed the impact of MTSBA resolution #9 to the finances of SD2. Their analysis is here.
The estimate is that state funding to SD2 would be reduced by $2.2 million. This is about $4,000 per student lost. I think the average Billings high school student now brings in more than $4,000 each from the state, but I'll have to verify that. My first thought is that the loss of around 500 students to a new Lockwood high school will increase the per student funding for the remaining students in SD2. The state formula has a decrement that punishes large school districts. So making SD2 smaller would increase per student funding from the state. We wouldn't be punished as much.
The only downside is that the cost of buildings will stay same, so the per student cost of this will go up. Does the school district need the numbers to keep the Career Center going?
My impression of the possiblity of Lockwood going to K-12 would bring more overall state funding to both of the districts combined. Wouldn't that be a good thing? I think SD2 number crunchers should analyze this on a per student basis
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