Saturday, May 25, 2013
Covering Dallas, Monmouth, Independence, Falls City and surrounding areas since 1868
August 07, 2012
POLK COUNTY -- Four Polk County-based school districts shared in the recent distribution of nearly $24 million from the Oregon Department of Land's Common School Fund.
A total of $23,993,167 from the Common School Fund (CSF) was paid in varying amounts to Oregon's 197 K-12 public school districts.
Within Polk County, Dallas School District received the largest payment from the fund, $148,305.16. Central School District received $132,792.52, followed by Perrydale with $14,731.43 and Falls City with $7,275.23.
The State Land Board, composed of the governor, secretary of state and state treasurer, oversees the fund, which was established at statehood to provide funding from state lands for Oregon's public schools.
The Department of State Lands (DSL) transmits funds each December and June to the Department of Education for distribution to the state's 197 school districts. DSL Director Louise Solliday said the board's long-range goal is to significantly increase revenue into the Common School Fund through strategic land-management actions, including investments in industrial, commercial and residential lands.
The Constitution requires the Land Board to manage lands under its care to obtain the greatest benefit for Oregonians, consistent with conservation values and prudent land management techniques.
State Treasurer Ted Wheeler, one of three members of the Land Board, and the Oregon Investment Council invest the fund.
By law, the state dedicates the funds for "support and maintenance of common schools in each school district." The population of children ages 4-20 determines each county's share of the earnings.