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Equalization Aid


  1. Introduction to Tutorial
  2. Formula Chart
  3. Equalization Aid ♣
    1. Overview
    2. Formula Need
    3. Formula Resources ♣
      1. Introduction
      2. Sum of Yield from Local Effort Rate
      3. Net Option Funding
      4. Allocated Income Tax Funds
      5. Minimum Levy Adjustment ♣
      6. Other Actual Receipts
  4. Additional Funding
  5. Other Factors
  6. Total State Aid

SOURCE

Minimum Levy Adjustment

The Minimum Levy Adjustment was designed to prevent systems with low levies from receiving a windfall in state aid.  The idea was that aid should gravitate to those districts that have utilized most or all the local resources available.

NOTES:
  1. The minimum levy adjustment is added to the formula resources for the determination of Equalization Aid.

  2. The formula provides that if the minimum levy adjustment is greater than or equal to the allocated income tax funds, then the local system will not receive allocated income tax funds.
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