The Bottom Line
Primary and Secondary Education Funding, FY 2008-FY 2015
GRF, Lottery Profits, and TPP Reimbursement Funds
($ in millions)
FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
FY 2013
Estimate
FY 2014
Estimate
FY 2015
Estimate
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
$620.8 $799.5 $1,041.4 $1,052.3 $728.3 $482.0 $482.0 $482.0
TPP Reimbursement - Public Utility
$85.5
$82.3
$79.9
$76.8
$31.6
$28.0
$28.0
$28.0
Total Reimbursements $706.3 $881.8 $1,121.2 $1,129.1 $759.9 $510.0 $510.0 $510.0
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
