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[ RECEIVED 87/25 12:52 1995 AT 6125959521 PAGE 3 (PRINTED PAGE 3) 1 1366 8462 p,03 <br /> JL1L-25-1995 12:0? AMSD <br /> House Research Depament September 1994 <br /> Aft" ota School Finance Page 8 <br /> Formula Allowance., The dollar amount per pupil unit used to calculate each district's basic <br /> general revenue--the 'front end" of the formula <br /> ' School Year Formula Allowance <br /> .19941995= 13,150 <br /> 1993-1994:* $3,050 -. <br /> 1992-1993 53.050. •:_� ... <br /> 1991=1992'. : = - ;050. <br /> 1990-1991 :. . :$2.953 <br /> 1989-1990.: .--$Z838 <br /> Hum Rrscwah De wU=ct <br /> General Education Aid: Funds paid by the state to school districts as part of the general <br /> education revenue program and permitted to be used for any operating expense. Replaces <br /> foundation aid. <br /> Gmeral Education Tax Rate: The tax rate, that when multiplied by the adjusted net tax <br /> capacity of all districts raises the dollar value specified in statute. Prior to levies made in 1985, <br /> the legislature set the mill rate instead of the total dollar value that was to be raised. <br /> -- Yea... Year.:'` ' ,ajd�aaled Net Tar.:`:.:`: DoRm Rained: <br /> CerfiBed paid'::`" Capaaty Rate Statewide <br /> -1994- ` 34.296 : $1.0551000,000. <br /> ` '`2993 1994': 34996. $1,044,000,000. <br /> I992_.: - 30.7% $969,800,000 <br /> :� :•. . <br /> 1992 _ . , �.• 27.9% . <br /> $916.000.000 <br /> 26.4%• _ $840,000;000:: <br /> 26.39b <br /> ,u <.7• _: <br /> 293% (A=?"'` $1 100 80 00Q 1. <br /> .5 , <br /> $1;079,000.000 <br /> :' 198tS z :1987" -�>;< :22T.(nulls):-. - _x$692,000,000 <br /> 232(mills) $702,000,000 <br /> Hoare Reaareh Depzuwm <br /> General Education Revenue: General education revenue is the primary formula for providing <br /> general operating funds to school districts and is comprised of: basic general education revenue; <br /> compensatory revenue; training and experience revenue; elementary and secondary sparsity <br /> revenue;and supplemental revenue. <br />