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

The Bottom Line

Primary and Secondary Education Funding, FY 2008-FY 2015 GRF, Lottery Profits, and TPP Reimbursement Funds ($ in millions)

FY 2013 Estimate

FY 2014 Estimate

FY 2015 Estimate

FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Formula Aid and TPP Reimbursements

School District Formula Aid

$6,368.5 $6,544.6 $6,536.8 $6,514.7 $6,266.1 $6,325.6 $6,609.5 $7,042.4

Joint Vocational School District Formula Aid

$242.4 $259.1 $261.0 $263.0 $263.0 $263.0 $269.5 $277.1 Total Formula Aid $6,610.9 $6,803.7 $6,797.8 $6,777.7 $6,529.1 $6,588.6 $6,879.0 $7,319.5

TPP Reimbursement - Business TPP Reimbursement - Public Utility

$620.8 $799.5 $1,041.4 $1,052.3 $728.3 $482.0 $482.0 $482.0

$85.5 $28.0 Total Reimbursements $706.3 $881.8 $1,121.2 $1,129.1 $759.9 $510.0 $510.0 $510.0 $82.3 $79.9 $76.8 $31.6 $28.0 $28.0

Total Formula Aid and Reimbursements

$7,317.2 $7,685.5 $7,919.0 $7,906.8 $7,289.1 $7,098.6 $7,389.0 $7,829.5

Federal Stimulus

$0.0

$0.0 $417.6 $515.5

$0.0

$0.0

$0.0

$0.0

Total Formula Aid and Reimbursements - Excluding Federal Stimulus

$7,317.2 $7,685.5 $7,501.4 $7,391.3 $7,289.1 $7,098.6 $7,389.0 $7,829.5

Overall Primary and Secondary Education Funding (Including Formula Aid and TPP Reimbursements)

Primary and Secondary Education Total

$9,352.9 $9,715.1 $9,793.1 $9,763.8 $9,109.3 $9,198.8 $9,762.6 $10,336.0

Federal Stimulus

$0.0

$0.0 $417.6 $515.5

$0.0

$0.0

$0.0

$0.0

Primary and Secondary Education Total - Excluding Federal Stimulus

$9,352.9 $9,715.1 $9,375.6 $9,248.3 $9,109.3 $9,198.8 $9,762.6 $10,336.0