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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

Net Option Funding

The method by which districts are paid for the students who option to their schools has been a consistent item of discussion with regard to the state aid formula.  (The Enrollment Option Program was created in 1989, just a year before the passage of LB 1059 and the implementation of TEEOSA.)  Finally, in 1996 the Legislature passed legislation (LB 1050) to utilize a system of net option funding so that both equalized and non-equalized school districts would receive compensation for students "opting-in."


NOTES:
  1. Net Option Funding of Class I districts that are affiliated with multiple high school districts is divided between Local Systems based on the percentage of the Class I district's valuation affiliated with each high school district.

  2. Net Option Funding is given directly to the option school district, but it counts as a formula resource for the Local System.

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