Law mandates supplements for shortfalls in aid formula
Matthew Bieniek
Cumberland Times-News
CUMBERLAND — A bill that will aid Garrett County Public Schools and other school systems hit hard by the state school funding formula due to declining enrollments has been signed into law by Gov. Martin O’Malley.
The new law will supplement state funding by adding $464,103 for the coming year. The cash-strapped school system has been forced to consider school closures in the past few years.
“This should be very helpful to the school system and we are still waiting for the legislation introduced by both Del. (Wendell) Beitzel and I to pass that would help the county out financially until the wealth study is completed,” Sen. George Edwards has said. Edwards was the Senate sponsor of the bill.
A study of the wealth formula is planned to begin in the fall of 2014 and is slated to be complete in 2016. The existing state funding formula can hit school districts with declining student populations hard. The bill applies to the whole state, not just Garrett County.
“At the rate we have been impacted by the wealth formula … any help we can get from the state is appreciated,” said Janet Wilson, Garrett County superintendent of schools. The money will help the system move forward and restore some services that have been lost, she said.
The bill mandates the state to supplement shortfalls in the state aid formula. “For fiscal years 2015 through 2017, if a county board’s total direct education aid in the current fiscal year is less than the prior fiscal year, then the state shall provide a grant to the county board equal to 50 percent of the decrease in total direct education aid from the prior fiscal year to the current fiscal year,” according to the language of SB 534.
The state budget provides $1.7 million in aid for affected districts in fiscal 2015, according to a floor report on the bill by the Senate Budget and Taxation Committee.
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Jay Ferguson
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My name is Jay Ferguson, and I am a lifelong resident of the Deep Creek Lake area. I am also co-owner of the real estate side of Taylor Made. I have been in the real estate business for 21+ years now and I LOVE what I do! I have to say, my career really took off when I co-founded the real estate side of Taylor Made in 2014. Its been an amazing experience, building a real estate company from the ground up and achieving so much so quickly! In August 2016, we purchased Long & Foster Real Estate Deep Creek, where I had started my career in 2000. In 2018, we on-boarded virtually every agent from Coldwell Banker Deep Creek Realty as they closed up shop and the real estate family grew even more! We now have over 40 sales agents and have expanded to West Virginia and Pennsylvania, as well. Taylor Made is the #1 vacation rental company at Deep Creek with over 475 vacation rental homes, and over one hundred thousand yearly visitors. Its amazing what we have accomplished using the principles of honesty, teamwork and customer service!
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