[Busmgrs] 2017-18 State School Fund Estimate

[KREIN Adam - ODE]

Good Evening Everyone

As many of you likely know, on June 6, 2017, the Full Ways and Means Committee approved the proposed $8.2 billion for the State School Fund for the 2017-19 biennium under the -3 amendments in Senate Bill 5517. At this time, it is still proposed to split the amount 50/50 for each school year. Members of the committee did express an interest to increase the amount for the second year of the biennium as the legislative session progresses, which would  in turn create the more typical 49/51 split, but those updates will likely come near the end of the session. At this time, all indications are that for the 2017-18 school year, school districts and education services districts can count on the $4.1 billion for the first year.

In the amended version of SB 5517, the Free and Reduced Lunch carve-out has been added back, which was scheduled to sunset last biennium. The carve-out is slightly higher than last, as it currently stands at $2.47 million, so it's not a substantial change to the Formula. And that's about all that has changed since our initial posting for 2017-18 in early March, which was based on the Co-chair's proposed budget of $7.8 billion.

Please take a look at the estimates posted to the web and contact us if there are any issues or concerns. It should be noted these estimates include any changes made to your 2017-18 Estimate of Membership and Revenue as of June 6, 2017.

You can view your estimates here

District estimates: http://www.oregon.gov/ode/schools-and-districts/grants/Documents/2017-18%20SSF%20Estimate%20as%20of%206-6-17.pdf
ADMw Breakouts: http://www.oregon.gov/ode/schools-and-districts/grants/Documents/17-18%20Transparency%20estimate%206-7-17.pdf
ESD estimates: http://www.oregon.gov/ode/schools-and-districts/grants/Documents/17-18%20ESD%20estimate%206-7-17.pdf

Thank you

[cid:image001.jpg at 01D2C8BC.2A7B82B0]
Oregon achieves . . . together!

Adam Krein
State School Fund Coordinator  I  School Finance
255 Capitol Street NE  Salem, Oregon 97310
Phone (503) 947-5678



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