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

Targeted Assistance – Tier One

• Targeted Assistance provides additional resources for education opportunities above “basic” or Opportunity aid

• Funds targeted to the district with the 490 th lowest local wealth per-pupil • Threshold wealth per-pupil is the wealth per-pupil for this district • Districts with a local wealth per-pupil lower than the 490 th district eligible

Tier One Targeted Assistance Calculation:

= (Threshold wealth per-pupil – district’s local wealth per-pupil)

X Target millage (0.006)

X District’s wealth index

X District’s net* formula ADM

*Net formula ADM = formula ADM – 0.75 X community school students and

– virtual community school & voucher students