Hedonic Model Fails

Feb 13, 2012

The Wyoming House of Representatives has failed to introduce a bill that would have changed the way that schools are funded.     

The bill adjusted the way districts are funded, but the controversial portion of the bill concerned the Hedonic funding model.  It was a new formula used to compute cost of living adjustments.  If approved, that would have cost Teton County four million dollars. 

Republican Representative Keith Gingery of Jackson spoke strongly against the measure.  While Education Chairman Matt Teeters admits there were some improvements that could be made, he urged the house to introduce the bill and let the education committee work on some fixes. 

The bill easily failed the required two thirds that were needed for introduction on a 30-30 vote.  It means schools will be funded under the existing funding model.