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

Opportunity Grant

•

Main funding component

• Funding provided on a per pupil basis

• Formula amount $5,745 FY14 and $5,800 FY15

• State share includes an income factor for districts with below average income

• Includes adjustment for districts with high percentage of exempt property (Talawanda adjustment)

Formula Amount x State Share Index x Formula ADM = opportunity grant per pupil

• Ranges from $287 to $5,170 per pupil

• Total FY14 - $4.79 billion, FY15 $4.84 billion