(The Center Square) — The first annual report on Arkansas' school choice accounts shows 4,795 students participated, with 95% going to private schools.
The Arkansas Department of Education report shows $7.1 million of the $32.5 million estimated funding for the 2023-2024 school year is spent as of Sept. 20. But that amount could increase as more applications are approved, which leaves the fiscal impact unknown.
"However, because funding amounts are set based on prior year enrollment counts, the earliest the impact could be felt if a student left their public district for the 2023-2024 school year is in the 2024-2025 school year," the report said."Even in that year, the state may support the district through Declining Enrollment Funding or other programs, and thus the full fiscal impact of the enrollment decline is not felt until 2025-2026.
Education officials will present the report to the Arkansas Legislative Executive Council on Oct. 20, Kimberly Mundell, director of communications for the BOE, told The Center Square.
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