Revenue DisparityThe gap in funding between school districts is growing and most of the growth is due to disparities of referendum revenue between districts. [In Dollars | [Percentage] Updated 9/8/15 Taxpayer Savings & Equalization Aid Percentages Charts - The Legislature made local school levies more affordable for taxpayers in low property wealth dis tricts in 2014. The charts show how much local taxpayers saved on the district's school levy and compare the current and new percentage of a referendum dollar the state will pay for each SEE district. Updated7/25/14State Aid/Local Levy RatiosThese charts show how equalization aid has eroded for SEE districts since the inception of the equalization aid program in 1993. (Updated 3/1/16)
Referendum Market Value (RMV) Growth These charts show the growth of the state average and SEE districts' referendum market value along with the state equalizing factor. Since the equalizing factor has not been indexed since 1995 to reflect rising property values, taxpayers in low property wealth districts now pay two to four times more than similar taxpayers in high wealth district to generate the same amount of referendum revenue for their schools. (Updated 3/1/16)
The History of the General Education Basic Formula The basic formula is per pupil funding that districts receive from the state. These dollars are meant to provide a basic quality education for all students. The data shows that the basic formula has eroded significantly since 1991 as state leaders have not increased the formula enough to keep up with inflation. Updated 11/28/16 Basic Formula Chart - IPD and CPI Basic Formula Chart - IPD Basic Formula Chart - CPI NOTE: Consumer Price Index (CPI) calculates inflation based on a basket of goods that a consumer would purchase. Substitutions are allowed, such as swapping pears for apples based on availability and price. The Implicit Price Deflator (IPD) is based on the cost of state and local government expenditures, which can be a more accurate measure of inflation than CPI for labor intensive entities like education that face significant price pressures like decades-long double-digit increases for employee health insurance.