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<p class="MsoNormal"><span style="color:black">Good Evening Everyone<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">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. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">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. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">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. <o:p>
</o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">You can view your estimates here<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">District estimates:<span style="color:#1F497D"> <a href="http://www.oregon.gov/ode/schools-and-districts/grants/Documents/2017-18%20SSF%20Estimate%20as%20of%206-6-17.pdf">
http://www.oregon.gov/ode/schools-and-districts/grants/Documents/2017-18%20SSF%20Estimate%20as%20of%206-6-17.pdf</a>
</span><o:p></o:p></p>
<p class="MsoNormal">ADMw Breakouts:<span style="color:#1F497D"> <a href="http://www.oregon.gov/ode/schools-and-districts/grants/Documents/17-18%20Transparency%20estimate%206-7-17.pdf">
http://www.oregon.gov/ode/schools-and-districts/grants/Documents/17-18%20Transparency%20estimate%206-7-17.pdf</a>
</span><o:p></o:p></p>
<p class="MsoNormal">ESD estimates:<span style="color:#1F497D"> <a href="http://www.oregon.gov/ode/schools-and-districts/grants/Documents/17-18%20ESD%20estimate%206-7-17.pdf">
http://www.oregon.gov/ode/schools-and-districts/grants/Documents/17-18%20ESD%20estimate%206-7-17.pdf</a>
</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;color:#1B75BC"><img border="0" width="208" height="56" id="Picture_x0020_1" src="cid:image001.jpg@01D2DFAA.B99EC470" alt="cid:image001.jpg@01D2C8BC.2A7B82B0"><o:p></o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:12.0pt;color:#1B75BC">Oregon achieves . . . together!<o:p></o:p></span></i></p>
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<p class="MsoNormal" style="line-height:90%"><span style="font-size:12.0pt;line-height:90%;font-family:"Bookman Old Style","serif";color:#548DD4">Adam Krein</span><span style="font-size:10.5pt;line-height:90%;color:#1F497D">
<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%">State School Fund Coordinator <span style="color:#548DD4">
I</span> School Finance <o:p></o:p></p>
<p class="MsoNormal" style="line-height:90%"><span style="color:black">255 Capitol Street NE Salem, Oregon 97310<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="color:black">Phone (503) 947-5678<o:p></o:p></span></p>
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