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

Targeted Assistance – Tier Two

• Provided an additional $92 million in formula funding to rural districts

• Substantially reduced the total guarantee and extent to which some districts were on the guarantee

Tier Two Targeted Assistance

Agricultural value % = Three-year average agricultural valuation / Three- year average real property valuation

If agricultural value % >= 10%, then Tier two % = 40%; If agricultural value % < 10%, then Tier two % = Agricultural value % x 4

Tier two targeted assistance = Tier two % x Tier one targeted assistance