Funding Formula BAD HB 59 8-12-13-a - page 8

Opportunity Grant
Main funding component
Funding provided on a per pupil basis
Formula amount $5,745 FY14 and $5,800 FY15
State share includes an income factor for districts with below average income
Includes adjustment for districts with high percentage of exempt property
(Talawanda adjustment)
Formula Amount x State Share Index x Formula ADM = opportunity grant per pupil
Ranges from $287 to $5,170 per pupil
Total FY14 - $4.79 billion, FY15 $4.84 billion
1,2,3,4,5,6,7 9,10,11,12,13,14,15,16,17,18,...48
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