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Model 812 - Model #3 Savings of $1.5B FY12 and $2.5B FY13 with FY14 FY15 Basic Allotment Enhancements State Impact Summary

FY 2012

FY 2013

FY 2014

FY 2015

FY 2016

FY 2017

Model #3 Savings of $1.5B FY12 and $2.5B FY13 with FY14 & FY15 Basic Allotment Enhancements Annual Cost/(Savings) ($1,500,964,069) ($2,499,619,815) ($2,006,358,828) ($2,003,784,871) ($2,068,863,218) ($2,150,802,902) Biennial Total ($4,000,583,884) ($4,010,143,699) ($4,219,666,120)

Model Descriptions

FY 2012

FY 2014

FY 2015

FY 2016

Model #3 Savings of $1.5B FY12 and $2.5B FY13 with FY14 & FY15 Basic Allotment Increase Gain Limit / Dragback ยง42.008 repealed repealed repealed Minimum Revenue HH % Retained 93.495% 0.00% 0.00% Basic Allotment $4,765 $4,765 $4,793 Compressed Tier Equalized Wealth Level $476,500 $476,500 $479,300 Copper Penny Yield $31.95 $31.95 $31.95 Copper Penny Equalized Wealth Level $319,500 $319,500 $319,500

repealed 0.00% $4,802 $480,200 $31.95 $319,500

repealed 0.00% $4,802 $480,200 $31.95 $319,500

FY 2015

FY 2016

Target Revenue Hold Harmless Comparison

FY 2012

FY 2013

FY 2013

FY 2014

FY 2017

repealed 0.00% $4,802 $480,200 $31.95 $319,500

FY 2017

Current Law - Districts & Charter Schools

$3,023,287,942

$2,499,619,815

$2,189,513,153

$2,249,793,582

$2,318,629,345

$2,415,733,383

Model #3 $1.5B/$2.5B + FY14-15 BA Increase

$1,522,323,873

$0

$0

$0

$0

$0

Districts and Charters on Formula

FY 2012

FY 2013

FY 2014

FY 2015

FY 2016

FY 2017

Current Law

127

192

309

313

316

316

Model #3 $1.5B/$2.5B + FY14-15 BA Increase

491

1,231

1,231

1,231

1,231

1,231

Categorical Analysis # DIST CATEGORY Enrollment 17 29 49 71 84 117 128 197 332

50,000 and over 25,000 to 49,999 10,000 to 24,999 5,000 to 9,999 3,000 to 4,999 1,600 to 2,999 1,000 to 1,599 500 to 999 Under 500

District Type 10 78 39 154 71 23 224 425

Major Urban Major Suburban Other Central City Other Central City Suburban Independent Town Non-metropolitan Fast Growing Non-metropolitan Stable Rural

Wealth - 2009-10 124 189 157 260 137 157

Under $100,000 per WADA $100,000 - $149,999 per WADA $150,000 - $199,999 per WADA $200,000 - $319,499 per WADA $319,500 - $476,500 per WADA Districts Subject to Recapture

1,024 STATE TOTAL

Weighted Average Change in Total M&O Revenue per WADA FY 2012

FY 2013

FY 2014

FY 2015

FY 2016

FY 2017

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

($254) ($199) ($233) ($262) ($243) ($247) ($276) ($252) ($279)

($399) ($299) ($374) ($409) ($400) ($448) ($626) ($516) ($694)

($298) ($232) ($293) ($325) ($311) ($372) ($528) ($433) ($596)

($289) ($231) ($291) ($314) ($312) ($375) ($515) ($426) ($588)

($287) ($242) ($297) ($313) ($321) ($388) ($537) ($429) ($595)

($296) ($251) ($307) ($313) ($332) ($405) ($541) ($425) ($587)

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

($270) ($223) ($226) ($248) ($205) ($337) ($242) ($266)

($493) ($314) ($295) ($495) ($263) ($592) ($484) ($626)

($389) ($233) ($213) ($428) ($176) ($497) ($391) ($534)

($382) ($225) ($205) ($437) ($168) ($488) ($380) ($526)

($385) ($226) ($209) ($456) ($169) ($488) ($389) ($531)

($399) ($228) ($211) ($481) ($171) ($489) ($391) ($521)

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

Seliger Model #3

($63) ($149) ($147) ($222) ($368) ($404)

($69) ($132) ($135) ($181) ($800) ($1,214)

($31) ($79) ($77) ($100) ($673) ($1,085)

($21) ($70) ($69) ($92) ($675) ($1,075)

($21) ($66) ($71) ($93) ($690) ($1,080)

($21) ($71) ($72) ($94) ($710) ($1,088)

($239)

($395)

($310)

($304)

($309)

($317)

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