1. October 12, 2011

7.   $4 Billion Dollar Reduction in State Funding for Public Education  Reduces Regular Program Funding by applying a reduction factor: 2011-12 *.9239 2012-13 *.98  Reduces ASATR by 7.65% in 2012-13  Phases out Target Revenue between 2014 & 2018 Senate Bill 1

8.   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 2011-12 for districts at $1.17  Repeals the gain limit Senate Bill 1

9.  What does it mean?

10.  Projections to 2014-15

11.  Regular Program Allotment

12. 

13.  Double Whammy

14. 

15.  ASATR Reduction

16.  ASATR

17.  Equalized Wealth Level

18. 

19. 

20.  Summary Tab

21.  When will it get better?