Section 25-2502.39 - Basic education funding for 2000-2001 school yearFor the 2000-2001 school year, the Commonwealth shall pay to each school district a basic education funding allocation which shall consist of the following:
(1) An amount equal to the basic education funding allocation for the 1999-2000 school year pursuant to sections 2502.13, 2502.37 and 2502.38. (2) A base supplement calculated as follows: (i) If the school district's 2001-2002 market value/income aid ratio is equal to or greater than .7000: (A) Multiply the school district's 2001-2002 market value/income aid ratio by its 2000-2001 average daily membership.(B) Multiply the product from (A) by $25,000,000.(C) Divide the product from (B) by the sum of the products of the 2001-2002 market value/income aid ratio multiplied by the 2000-2001 average daily membership for all qualifying school districts.(ii) If the school district's 2001-2002 market value/income aid ratio is equal to or greater than .4000 and less than .7000:(A) Multiply the school district's 2001-2002 market value/income aid ratio by its 2000-2001 average daily membership.(B) Multiply the product from (A) by $77,000,000.(C) Divide the product from (B) by the sum of the products of 2001-2002 market value/income aid ratio multiplied by the 2000-2001 average daily membership for all qualifying school districts.(iii) If the school district's 2001-2002 market value/income aid ratio is less than .4000: (A) Multiply the school district's 2001-2002 market value/income aid ratio by its 2000-2001 average daily membership.(B) Multiply the product from (A) by $12,000,000.(C) Divide the product from (B) by the sum of the products of 2001-2002 market value/income aid ratio multiplied by the 2000-2001 average daily membership for all qualifying school districts.(3) An increasing aid ratio supplement to qualifying school districts as follows:(i) To qualify for the increasing aid ratio supplement, a school district's 2001-2002 market value/income aid ratio must have increased by .0100 or more over the 1994-1995 market value/income aid ratio and the school district's 2001-2002 market value/income aid ratio must be greater than or equal to the median.(ii) The increasing aid ratio supplement shall be calculated for qualifying school districts as follows: multiply the school district's increase in market value/income aid ratio between 1994-1995 and 2001-2002 by its 2000-2001 average daily membership and multiply this product by thirty-five million dollars ($35,000,000) and divide the resultant product by the sum of the products of the increase in aid ratio multiplied by the 2000-2001 average daily membership for all qualifying school districts.(4) A growth supplement is calculated for qualifying school districts as follows: (i) Each school district with an increase in average daily membership between the 1999-2000 and 2000-2001 school years of less than three percent (3%) shall receive an amount equal to five hundred dollars ($500) multiplied by the actual numerical increase in average daily membership between the 1999-2000 and 2000-2001 school years.(ii) Each school district with an increase in average daily membership between the 1999-2000 and 2000-2001 school years equal to or greater than three percent (3%) shall receive an amount equal to one thousand dollars ($1,000) multiplied by the actual numerical increase in average daily membership between the 1999-2000 and 2000-2001 school years.(5) Each school district will receive additional funding as necessary so that the sum of the amounts under section 2502.13 and under clauses (2), (3), (4) and this clause will equal at least two percent (2%) of the amount in clause (1).(6) Each school district will receive additional funding as necessary so that the sum of the amounts under section 2502.13 and under clauses (1), (2), (3), (4), (5) and this clause divided by the 2000-2001 average daily membership will equal at least one hundred one percent (101%) of the amount in clause (1) divided by its 1999-2000 average daily membership.1949, March 10, P.L. 30, No. 14, art. XXV, § 2502.39, added 2001, June 22, P.L. 530, No. 35, § 28, effective 7/1/2001.