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

Transportation Supplement Funding

• Districts that are below the median student density AND below the median wealth qualify for additional funding • $25.3M in FY 14 & $23.1M in FY 15 will be provided to supplement their funding. This is intended to bring them nearer to 100% of the formula funding amount. (Subject to Gain Cap & Guarantee). • $5M has set aside from the Straight A Fund for use by schools for transportation, including bus purchase. Districts must

qualify (Low wealth, Low density). Funding will be automatically distributed. (Not subject to Gain Cap & Guarantee).