Changes in Adequacy for FY 25

The Bureau of School Finance within the New Hampshire Department of Education will be conducting a training on the Fiscal Year 2025 Adequacy Formula. The Adequacy Formula has undergone substantial changes after the State Budget was enacted on July 1st. Therefore, it is important for school boards to understand how the formula changes could impact the upcoming tax assessments (i.e., new tax rates) or potentially allow for districts to increase appropriations for Fiscal Year 2025.