Model 812 - Model #3 Savings of $1.5B FY12 and $2.5B FY13 with FY14 FY15 Basic Allotment Enhancements

State Impact Summary FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Model #3 Savings of $1.5B FY12 and $2.5B FY13 with FY14 & FY15 Basic Allotment Enhancements

Annual Cost/(Savings) ($1,500,964,069) ($2,499,619,815) ($2,006,358,828) ($2,003,784,871) ($2,068,863,218) ($2,150,802,902)

Biennial Total ($4,000,583,884) ($4,010,143,699) ($4,219,666,120)

Model Descriptions FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Model #3 Savings of $1.5B FY12 and $2.5B FY13 with FY14 & FY15 Basic Allotment Increase

Gain Limit / Dragback §42.008 repealed repealed repealed repealed repealed repealed

Minimum Revenue HH % Retained 93.495% 0.00% 0.00% 0.00% 0.00% 0.00%

Basic Allotment $4,765 $4,765 $4,793 $4,802 $4,802 $4,802

Compressed Tier Equalized Wealth Level $476,500 $476,500 $479,300 $480,200 $480,200 $480,200

Copper Penny Yield $31.95 $31.95 $31.95 $31.95 $31.95 $31.95

Copper Penny Equalized Wealth Level $319,500 $319,500 $319,500 $319,500 $319,500 $319,500

Target Revenue Hold Harmless Comparison FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Current Law - Districts & Charter Schools $3,023,287,942 $2,499,619,815 $2,189,513,153 $2,249,793,582 $2,318,629,345 $2,415,733,383

Model #3 $1.5B/$2.5B + FY14-15 BA Increase $1,522,323,873 $0 $0 $0 $0 $0

Districts and Charters on Formula FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Current Law 127 192 309 313 316 316

Model #3 $1.5B/$2.5B + FY14-15 BA Increase 491 1,231 1,231 1,231 1,231 1,231

Categorical Analysis

# DIST CATEGORY FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Enrollment Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3

17 50,000 and over ($254) ($399) ($298) ($289) ($287) ($296)

29 25,000 to 49,999 ($199) ($299) ($232) ($231) ($242) ($251)

49 10,000 to 24,999 ($233) ($374) ($293) ($291) ($297) ($307)

71 5,000 to 9,999 ($262) ($409) ($325) ($314) ($313) ($313)

84 3,000 to 4,999 ($243) ($400) ($311) ($312) ($321) ($332)

117 1,600 to 2,999 ($247) ($448) ($372) ($375) ($388) ($405)

128 1,000 to 1,599 ($276) ($626) ($528) ($515) ($537) ($541)

197 500 to 999 ($252) ($516) ($433) ($426) ($429) ($425)

332 Under 500 ($279) ($694) ($596) ($588) ($595) ($587)

District Type Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3

10 Major Urban ($270) ($493) ($389) ($382) ($385) ($399)

78 Major Suburban ($223) ($314) ($233) ($225) ($226) ($228)

39 Other Central City ($226) ($295) ($213) ($205) ($209) ($211)

154 Other Central City Suburban ($248) ($495) ($428) ($437) ($456) ($481)

71 Independent Town ($205) ($263) ($176) ($168) ($169) ($171)

23 Non-metropolitan Fast Growing ($337) ($592) ($497) ($488) ($488) ($489)

224 Non-metropolitan Stable ($242) ($484) ($391) ($380) ($389) ($391)

425 Rural ($266) ($626) ($534) ($526) ($531) ($521)

Wealth - 2009-10 Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3 Seliger Model #3

124 Under $100,000 per WADA ($63) ($69) ($31) ($21) ($21) ($21)

189 $100,000 - $149,999 per WADA ($149) ($132) ($79) ($70) ($66) ($71)

157 $150,000 - $199,999 per WADA ($147) ($135) ($77) ($69) ($71) ($72)

260 $200,000 - $319,499 per WADA ($222) ($181) ($100) ($92) ($93) ($94)

137 $319,500 - $476,500 per WADA ($368) ($800) ($673) ($675) ($690) ($710)

157 Districts Subject to Recapture ($404) ($1,214) ($1,085) ($1,075) ($1,080) ($1,088)

1,024 STATE TOTAL ($239) ($395) ($310) ($304) ($309) ($317)

Weighted Average Change in Total M&O Revenue per WADA