State Share Index
District Adjusted Valuation per pupil = District 3-year average valuation / FY 2014 ADM
Valuation per pupil index = District adjusted valuation per pupil / State adjusted valuation per pupil
Median income index = District Ohio adjusted gross median income for TY 2011 /
Median of all districts' adjusted gross median incomes for TY 2011
If median income index < valuation per pupil index, then
Wealth index = 1/3 x median income index + 2/3 x valuation per pupil index, else
Wealth index = Valuation per pupil index
If wealth index <= 0.35, then
State share index = 90%;
If wealth index > 0.35 and <= 0.9, then
State share index = 50% + 40% x (0.9 – wealth index) / 0.55;
If wealth index > 0.9 and < 1.8, then
State share index = 5% + 45% x (1.8 – wealth index) / 0.9;
If wealth index >= 1.8, then
State share index = 5%