(HT) Funding Formula BAD HB 59 8-12-13-a

Caps and Guarantees

• No district receives less than was received in FY13 • Guarantee includes career technical and transportation funding • Increased state funding capped at 6.25% in FY14 and 10.5% FY15 • Caps and guarantees necessary to adjust to years of change in enrollment, valuation and income