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<p class="MsoNormal"><span style="color:black">Good Morning<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Boy the days are flying by right now. As promised, I have rebalanced the state school fund with many updates. There are a few notes I would like to pass to help everyone understand where the data is coming from for this estimate.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">As many of you know poverty weights decreased across the state along with a decrease in the Common School Fund. On a positive note there was a nice increase in local revenue at the mid-year that were imported to the funding formula. Another
change was SB 182 which increased network of quality teaching and learning to $6 Million for the biennium. You will see this reflected in the carve outs on the assumptions page. At this time of year the December to June ratio is also part of the formula for
calculating your weights.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">For 2016-17 I have imported Annual cumulative ADM. This updates pregnant and parenting, ESL and teacher experience.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">For 2017-18 I am using 2<sup>nd</sup> period Cumulative ADM. This also updates pregnant and parenting, ESL and teacher experience. Along with those updates I imported the latest local revenue estimates you submitted in the 2018-19 estimate
of membership and revenue. <o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black">I will have the 2018-19 estimate out soon.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Please review your estimates and ADMw breakouts and let me know of any questions or concerns.<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 width="230" height="62" style="width:2.3958in;height:.6458in" id="Picture_x0020_1" src="cid:image003.jpg@01D3B17D.D30D9F30"><o:p></o:p></span></p>
<p class="MsoNormal" align="right" style="text-align:right"><i><span style="font-size:12.5pt;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%;color:#1B75BC">Adam Krein<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%">State School Fund Coordinator<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%">OFA | School Finance
<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%">503-947-5678<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%"><a href="mailto:Adam.krein@state.or.us">Adam.krein@state.or.us</a> |
<a href="http://www.oregon.gov/ode">www.oregon.gov/ode</a><o:p></o:p></span></p>
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