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<p class="MsoNormal" style="margin-bottom:10.0pt;line-height:115%">Good evening Business Managers,<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:10.0pt;line-height:115%">I have posted the latest version of the 2018-19 State School Fund estimates on the Department of Education website and the school district and ESD estimates can be found
<a href="https://www.oregon.gov/ode/schools-and-districts/grants/Pages/School-District-and-ESD-payment-Statements.aspx">
here</a>.<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:10.0pt;line-height:115%">For this version we updated the statewide ADMw, lowering it to align with recent updates from districts. We also adjusted the Local Revenue forecasts, increasing them to align with recent updates
from school districts, Department of Revenue data, and state economist’s forecasts. This has resulted in an increase in the amount per weight of approximately $44 from the May 15 update.<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:10.0pt;line-height:115%">We are planning to use this estimate as the basis for the July payment, unless there is a substantial change to the current estimates.
<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:10.0pt;line-height:115%">If you should have any questions or concerns, please contact me, as Adam Krein will be out of the office until July 1.
<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:10.0pt;line-height:115%">Thank you,<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:10.0pt;line-height:115%">Mike<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;color:#1B75BC"><img border="0" width="230" height="62" style="width:2.3958in;height:.6458in" id="Picture_x0020_2" src="cid:image001.jpg@01D40357.E3A70940" alt="cid:image006.jpg@01D27573.A02D0700"><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">Michael Wiltfong<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%;color:#1F497D">School Finance and School Facilities, Director
<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%;color:#1F497D">Office of Finance and Administration<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%;color:#1F497D">255 Capitol Street NE Salem, Oregon 97310<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%;color:#1F497D">Phone (503) 947-5914<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:10.5pt;line-height:90%;color:#1F497D"><a href="mailto:michael.wiltfong@ode.state.or.us"><span style="color:#0563C1">michael.wiltfong@ode.state.or.us</span></a> |
<a href="http://www.oregon.gov/ode"><span style="color:#0563C1">www.oregon.gov/ode</span></a><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:90%"><span style="font-size:8.0pt;line-height:90%;color:#1F497D">.<o:p></o:p></span></p>
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