Agenda - 11-20-1990 - Laserfiche WebLink

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11/19/90 SCHOOL FUNDING EQUITY ASSUMPTIONS There is a wide range of possible scenarios involving school funding equity through the year 2000. Each one necessarily is based on a large number of assumptions which, on an individual basis, will undoubtedly not come to pass exactly as anticipated by our model. Nevertheless, we believe that the assumptions upon which we have based the equity -tax rate impact model are, collectively, reasonably sound on the basis of current trends. This is not a worst case model, but certainly is a conservative one. The assumptions listed below pertain to supporting spreadsheets from which the equity and tax rate impacts of the various scenarios were obtained. ASSUMPTIONS COMMON TO ALL SCENARIOS 1) Average Daily Membership (ADM) figures are those recommended by the Student Trends Population Work Group and accepted by the Commissioners in May 1990. They are based upon State Department of Public Instruction projections, with 1999 -2000 figures extrapolated. All county funding is distributed by law on an ADM basis. 2) Tax base is estimated to increase by 3% annually throughout the period, with tax collection at 98 %. No adjustment is made for 1993 or subsequent revaluations. 3) Equity is defined as having been achieved when per pupil funds for the two school systems are within 4 -5% of one another (i.e. when OCS per pupil funding is 95 -96% that of CHCCS. 4) Equity calculations do not include capital funding, Child Nutrition funds, or State transportation funds received by Orange County for school buses. 5) State funding for CHCCS increases at 9% each year and for OCS at 7% each year, with the difference based on faster ADM growth in CHCCS. 6) Federal funding and local funds not derived from ad valorem or district taxes remain constant throughout the period. 7) OCS career ladder funds phase out to 7% of eligible payroll by 1992 -93, increase at 6% annually thereafter