2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3317 | Foundation Program › Section 3317.0217 | Targeted Assistance Funding.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
This section shall apply only for fiscal years 2024 and 2025.
Payment of the amount calculated for a school district under this section shall be made under division (A) of section 3317.022 of the Revised Code.
(A) For each fiscal year, the department of education and workforce shall compute targeted assistance funds for city, local, and exempted village school districts, in accordance with the following formula:
A district's capacity amount for that fiscal year calculated under division (B) of this section + a district's wealth amount for that fiscal year calculated under division (C) of this section
(B) The department shall calculate each district's capacity amount for a fiscal year as follows:
(1) Calculate each district's weighted wealth for that fiscal year, which equals the following sum:
(The amount determined for the district for that fiscal year under division (A)(1)(a) of section 3317.017 of the Revised Code X 0.6) + (the amount determined for the district for that fiscal year under division (A)(2)(a) of section 3317.017 of the Revised Code X 0.4)
(2) Determine the median weighted wealth of all school districts in this state for that fiscal year;
(3) Compute each district's capacity index for that fiscal year by dividing the median weighted wealth of all school districts in this state for that fiscal year by the district's weighted wealth for that fiscal year;
(4) Compute each district's capacity amount for that fiscal year as follows:
(a) The district's capacity amount shall be zero if the district satisfies either of the following criteria for that fiscal year:
(i) The district's capacity index is less than 1.
(ii) The district's enrolled ADM is less than 200.
(b) If the district does not satisfy either of the criteria specified in division (B)(4)(a) of this section for that fiscal year, the district's capacity amount for that fiscal year shall be calculated as follows:
(i) Compute the following amount for the district:
(The median weighted wealth of all school districts in this state for that fiscal year X 0.008) - (the district's weighted wealth for that fiscal year X 0.008)
(ii) If the district's enrolled ADM for that fiscal year is greater than or equal to 200 but less than or equal to 400, the district's capacity amount for that fiscal year shall be equal to 0.05 X the amount computed under division (B)(4)(b)(i) of this section.
(iii) If the district's enrolled ADM for that fiscal year is greater than 400 and less than 600, the district's capacity amount for that fiscal year shall be calculated in accordance with the following formula:
{[0.95 X (the district's enrolled ADM for that fiscal year - 400)/200] + 0.05} X the amount computed under division (B)(4)(b)(i) of this section
(iv) If the district's enrolled ADM for that fiscal year is greater than or equal to 600, the district's capacity amount for that fiscal year shall be equal to the amount computed under division (B)(4)(b)(i) of this section.
(C) The department shall calculate each district's wealth amount for a fiscal year as follows:
(1) Calculate each district's weighted wealth per pupil for that fiscal year, which equals the following quotient:
The district's weighted wealth for that fiscal year calculated under division (B)(1) of this section/ (the district's enrolled ADM for that fiscal year - the students described in division (A)(1)(b) of section 3317.03 of the Revised Code + the students described in division (A)(2)(d) of section 3317.03 of the Revised Code)
(2) Determine the median weighted wealth per pupil of all school districts in this state for that fiscal year;
(3) Compute each district's wealth index for that fiscal year by dividing the median weighted wealth per pupil of all school districts in this state for that fiscal year by the district's weighted wealth per pupil for that fiscal year;
(4) Compute each district's wealth amount for that fiscal year, as follows:
(a) If the district's wealth index computed under division (C)(3) of this section for that fiscal year is less than 0.8, the district's wealth amount for that fiscal year shall be zero.
(b) If the district's wealth index computed under division (C)(3) of this section for that fiscal year is greater than or equal to 0.8, the district's wealth amount for that fiscal year shall be calculated in accordance with the following formula:
[(The median weighted wealth per pupil of all school districts in this state for that fiscal year X 0.014) - (the district's weighted wealth per pupil for that fiscal year X 0.0112)] X the district's enrolled ADM for that fiscal year
Last updated September 6, 2023 at 10:35 AM