1. introduction Aiken County Public School District Board of Trustees January 24, 2012

2. SCSBA, SCASA, SCASBO, Harry Miley, Childs & Halligan ₋began work August 2010 ₋dozens of presentations ₋draft bill; sponsorship the team

3. H.3716, S.433 (both reside in Senate) focuses on state funding and distribution – roll up of funding categories – new (EOC) weightings – reset teacher salary schedule – performance-based teacher pay – deregulation and flexibility the landscape

4. stable, sound revenue source to better manage budgetary dips due to the economy level “playing field” to aid business/industry recruitment and encourage economic growth simplify hugely complicated system current system – state and local – broken truly comprehensive – a package plan the strengths

5. how it would work statewide… the plan

7. $1,304,395,224 100 mills statewide the plan

8. $ 104,292,403 FILOT $ 1,944,756,227 state rollup $ 939,530,057 tiers 1,2,3 $ 47,443,880 other reimbursements $ 3,036,022,567 subtotal reduces about 70 separate state funding sources to 12 $ 1,304,395,224 the plan

9. $559,983,377 additional state dollars needed to balance or make up the difference between what current millage rates generate statewide and what the SUM would generate $ 1,304,395,224 $ 3,036,022,567 the plan

10. $ 1,304,395,224 $ 3,036,022,567 $ 559,983,377 $4,900,401,168 ÷ 920,624 EOC WPU = $5,323 the plan

11. $328,012,118additional state funding to ensure no district gets less funds than what it currently receives + $ 559,983,377balancing funds $ 837,538,898total additional state funds needed to … grant $573,153,803 in tax relief to business/industry statewide the plan

12. all other funds for programs not distributed to districts on per pupil basis such as: » transportation related » national board certification » palmetto priority schools » retiree insurance » 4K programs the plan

13. local school board authority to levy millage of up to 8% of the assessed value of taxable properties the plan

14. local school boards wanting to go above the 8% limit required to get voter approval. If approved, taxes would apply to ALL properties the plan

15. sets a reasonable per pupil funding level significantly increases per pupil funding for 55 of our 84 districts simplifies funding formulas by reducing funding streams from 70 to 12 100-mill SUM for operations gives level playing field for economic development benefits

16. conclusion Aiken School District Summary Actual FY 2009-10 Funding$ 146,578,287 EOC WPU 31,270 Est. Funding Based on BSF $5323$166,445,816 Additional Funds$ 19,867,529 (Phase-in over 3 years) Tax Savings (138 to 100 mills)$ 11,794,615 (est.)