If your district received this letter, the response is due April 26, 1996. If no response is received, the lower of the DESE number or the audit number will be used to adjust the June 1996 payment calculations. As indicated in the letter, changes to the DESE calculations require that the district submit revised Core Data screen prints. Changes to the audit calculations require a revised Schedule of Selected Statistics or a letter from the auditor. Work through the formula line by line with your updated 1995-96 data, summer school ADA doubled, and a proration factor of 1.00.
Some districts are surprised at the results they are seeing.
Without working through this process the district may overcommit resources for teacher salaries for 1996-97. Some organizations may be informing your teachers of the amount of Basic Formula and Line 14 revenue the district will receive in 1996-97. Please continue to be wary of revenue projections that do not originate within the district. Please keep in mind that a major purpose of the SB 380 state aid formula was to provide an equal amount of state and local revenue per pupil for each penny of property tax rate. As local wealth increases, the state aid necessary to provide equal access may decrease.