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1-4-08 UPDATED from 1-2-08: Link to State Aid data that includes Local Fair Share
Look to the far columns on the right side of the pages to find your districts 'local fair share' as calculated by the state. Local Fair Share is important as it will be a variable in the formula that will have consequences for local districts. For example, if your district is spending over it's 'adequacy budget' and yet still is deemed to be able to tax more at the local level, your district is likely to lose aid. The converse is also likely to be true. NOTE: The local fair share calculation publsihed by the DOE does not include a percentage breakdown by district of how much state adequacy (foundation) aid your district is entitled to as a result of their revised & updaed calculation per the new proposal. In addition, it does not show the percent entitlement districts were receiving under CEIFA, so there is no good way to determine how the revisions really affect your district at this time. If your district is now slated to receive foundation aid for the first time in recent history, is it slated to get a 1% or 10% or 20% entitlement? If your district was entitled to receive foundation aid in the past, is it now entitled to receive more or less of a percentage of the entitlement under the proposed formula? Important questions that need to be answered before legislators take a vote on the proposal.
Look to the far columns on the right side of the pages to find your districts 'local fair share' as calculated by the state. Local Fair Share is important as it will be a variable in the formula that will have consequences for local districts. For example, if your district is spending over it's 'adequacy budget' and yet still is deemed to be able to tax more at the local level, your district is likely to lose aid. The converse is also likely to be true. NOTE: The local fair share calculation publsihed by the DOE does not include a percentage breakdown by district of how much state adequacy (foundation) aid your district is entitled to as a result of their revised & updaed calculation per the new proposal. In addition, it does not show the percent entitlement districts were receiving under CEIFA, so there is no good way to determine how the revisions really affect your district at this time. If your district is now slated to receive foundation aid for the first time in recent history, is it slated to get a 1% or 10% or 20% entitlement? If your district was entitled to receive foundation aid in the past, is it now entitled to receive more or less of a percentage of the entitlement under the proposed formula? Important questions that need to be answered before legislators take a vote on the proposal.
Click on More here to get the link where you can find the DOE's Local Fair Share information(from DOE homepage under New Formula for Schools........)
http://www.state.nj.us/education/sff/reports/RPUB_DEC11_1SE12X_taxa.lst-dist.pdf
