Over $3M of Additional Funding Approved for Metro School Districts

Oregon’s K-12 public schools will receive $64.2 million from Common School Fund in 2022, officials announced during today’s State Land Board meeting.

Every one of Oregon’s 197 public school districts receives money from the Common School Fund every year. How much each district receives depends on the number of students served. In 2022, Portland Public Schools, the state’s largest district, will receive $5.7 million. Lincoln County School District will receive about $600,000. Rogue River School District will receive just over $100,000.

The average 2022 district distribution is approximately $326,000. Pendleton School District, with about 2,900 students, will receive $326,897 in 2022. 

“Every dollar that the district receives is important,” said Michelle Jones, Pendleton School District’s director of business services. “We count on these resources to make sure we can keep class sizes small and provide needed technology and facilities for students.” 

The Common School Fund has supported Oregon schools since statehood, when the federal government granted our new state nearly 3.4 million acres “for the use of schools.” The State Land Board was established to oversee these school lands, which generate revenue for the Common School Fund. 

Now valued at $2.2 billion, the Common School Fund is invested by the State Treasurer and the Oregon Investment Council. The Fund earned an average 13.53 percent rate of return over the three-year period ending in 2021. 

“Strong returns from the Common School Fund in recent years are allowing schools around the state to invest in our most precious resource — our children,” said Mary Paulson, deputy executive director of the Oregon School Boards Association.

Annually, 3.5 percent of the Fund is distributed to schools. The 2022 distribution of $64.2 million is $4.1 million more than the 2021 distribution of $60.1 million and $9.2 million more than the 2020 distribution of $55 million.

“School lands have helped support generations of Oregon students,” said DSL Director Vicki Walker. “The $22.8 million school lands generated last year for the Common School Fund directly benefits my grandchildren, just as the past millions generated by school lands directly benefitted my children and me.”

Here is the breakdown of the funds metro area school district will receive:

Ashland SD5: $282,628

Central Point SD6: $531,780

Eagle Point SD9: $460,270

Medford SD549C: $1,543,840

Phoenix-Talent SD4: $271,342

Prospect SD59: $22,968

Rogue River SD35: $104,284

%d bloggers like this: