module 3 Taxation and Distribution Essay
Jennifer Ponton
Grand Canyon
EDA 535
June 4, 2012
Module 3 Taxation and Distribution Essay
Education in Iberia Parish is financed by local, reconcile and federal stocks. The total projected revenues for all fund sources for 2010-2011 teach years argon 174,400,000. The local funds use to support public genteelness in Iberia Parish are provided by gross sales taxes and piazza taxes. Funds for the general operations of the condition come from a 2.0 sales tax and 10.70 mills of property tax. Tax revenues also help to provide for salaries and other items designate to the general funds. Teachers also get two extra subsidiary incomes once in November and once in June which is taken from the 2.0 sales tax. A few new schools were also built this school year along with a new building existence built to house the special education department. The federal and plead government also provides revenues for Iberia Parish. In fact 15 % of Iberia parish revenues for education were provided to them on the federal level 41% at the state level and 40% on the local level.
The following knock back is a breakdown of the money being allocated to different departments in Iberia Parish.
Fund| Local| State| Federal| Total|
popular Funds| $28,600,000| $71,200,000| $1,400,000| $101,200|
Federal Programs Funds | $0| $0| $18,500,000| $18,500,000|
lunch Funds| $900,000| $1,400,000| $5,800,000| $8,100.
000|
Bond Retirement Funds| $11,300,000| $0| $0| $11,300,000|
Sales Tax /Bond Utility FundsConstruction Funds | $4,700.000$30,600,000| $0$0| $0$0| $4,700,000$30,600,000|
Total| $716,100,000| 72,600,000| $25,700,000| 174,400,000|
44% 41% 15% 100%
The funds allocated for the different schools in Iberia Parish are based on the needs of each...If you want to get a full essay, order it on our website: Orderessay
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