October 12, 2011.   $4 Billion Dollar Reduction in State Funding for Public Education  Reduces Regular Program Funding by applying a reduction.

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Presentation transcript:

October 12, 2011

  $4 Billion Dollar Reduction in State Funding for Public Education  Reduces Regular Program Funding by applying a reduction factor: * *.98  Reduces ASATR by 7.65% in  Phases out Target Revenue between 2014 & 2018 Senate Bill 1

  Authorizes SBE to amend Special Program indirect cost rate  Repeals 18% cap on use of SCE funds for DAEP  Allows districts to charge for student transportation  No funding for declining ADA  No funding for declining property value  Set Equalized Wealth Level at $339,950 in for districts at $1.17  Repeals the gain limit Senate Bill 1

 What does it mean?

 Projections to

 Regular Program Allotment

 Double Whammy

 ASATR Reduction

 ASATR

 Equalized Wealth Level

 Summary Tab

 When will it get better?

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