[Busmgrs] Revised 2015-16 Estimates

[ELLIOTT Michael S]

Dear Business Managers,

The latest run for 2015-16 has been posted to ODE's website.
*       District Estimates: http://www.ode.state.or.us/services/ssf/2015-16-ssf-estimate-as-of-3-23-15-2120-hrs.pdf
*       District ADMw breakouts: http://www.ode.state.or.us/services/ssf/transparency-estimate-3-23-15.pdf
*       ESD Estimates: http://www.ode.state.or.us/services/ssf/esd-15-16-estimate-as-of-3-23-15.pdf
These estimates have the following changes from the estimates published on February 24, 2015:
*       The state funding percentages are changed from 49% in 2015-16 and 51% in 2016-17 to 50% for each year. This reflects the best available information we have from the Co-Chairs regarding the treatment of the State School Fund appropriation.
*       We have been requested to use a local property tax estimate that is 4.5% higher than the estimate for 2014-15. Also the collection rate has been increased to 96%.
*       The High Cost Disability Grant carve-out is being reduced to $18 million. This is to reflect current law. ODE generally bases its estimates on current law. The High Cost Disability Grant was increased to $35 million to reflect the proposed Co-Chairs budget. Since that is not current law, the carve-out will be $18 million until there is a change to the law.
*       To comply with current law, the Small High School Grant ($2.5 million) will continue to be removed from the State School Fund calculations as it is scheduled to sunset on June 30, 2015.
*       All district changes that have been made since the last estimate.
*       The incorrect calculation of 2014-15 extended ADMw for districts with charter schools has been fixed.
Please review your estimates. I would also request that districts check their local revenue estimates against current tax collections for 2014-15 and their projections. If you believe your initial projects were low, please let ODE know and we can adjust your information as needed.

Thank you,
Michael

Michael Elliott
State School Fund Coordinator | Office of Finance & Administration|School Finance & Pupil Transportation Unit| Oregon Department of Education
Office: 503.947.5627 | Fax: 503.378.5156 | *michael.s.elliott at state.or.us




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