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SFRA Funding SFRA Funding

SFRA Funding - PowerPoint Presentation

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Uploaded On 2017-11-09

SFRA Funding - PPT Presentation

Weighted student formula provides funding based on district characteristics enrollment and student characteristics Provides additional funds weights for at risk English language learners special education students ID: 603755

maplewood state orange south state maplewood south orange adequacy funding student revenue aid local enrollment education characteristics underfunding based

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Presentation Transcript

Slide1

SFRA Funding

Weighted student formula, provides funding based on district characteristics – enrollment and student characteristics

Provides additional funds (“weights”) for at risk, English language learners, special education students

District’s characteristics determine the “adequacy budget” based on base costs and weighted enrollmentSlide2

Adequacy Budget

The adequacy budget is funded through two sources:

Local Revenue – formula determines each district’s ability to pay based on property wealth and income

State Revenue – state revenue makes up the restSlide3

A Timeline of State Aid under

Governor ChristieSlide4

South Orange- Maplewood:

Underfunding of State Aid

ProposedSlide5

South Orange- Maplewood:

Cumulative Underfunding

Proposed

ProposedSlide6

South Orange- Maplewood : Change in adequacy, local and state revenueSlide7

South Orange- Maplewood : Local fundingSlide8

South Orange-

Maplewood:

State AidSlide9

South Orange- Maplewood :

Funding relative to adequacySlide10

Impact of underfunding on schools

What happens when state aid is flat?

Broken formula does not respond to:

Enrollment changes

Changing student composition, i.e. more at risk and ELL students

Increasing costs – salaries, benefits, supplies, etc.Slide11

District EnrollmentsSlide12

Enrollments for Special Education and English language learnersSlide13

Total ExpendituresSlide14

Change in expenditures by categorySlide15

Special education spending per student