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Fixing a Local Aid Glitch

Fixing a Local Aid Glitch

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Fixing a Local Aid Glitch

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  1. Fixing a Local Aid Glitch Discretionary Decisions in the Implementation of 2006 Education Aid Reforms

  2. Sen. Will Brownsberger

  3. Results still unfair in FY13 Note, other similar examples can be found – e.g., Belmont vs. Watertown. Sen. Will Brownsberger

  4. The Transition Gap Sen. Will Brownsberger

  5. Sen. Will Brownsberger

  6. Sen. Will Brownsberger

  7. Sen. Will Brownsberger

  8. Sen. Will Brownsberger

  9. Dropping Down Payment Aid in the Financial Crunch Sen. Will Brownsberger

  10. Waltham has fared poorly because (a) it was among the most disadvantaged under the old formula and (b) in the crunch, we chose Effort Reduction over Down Payment. Sen. Will Brownsberger

  11. Options to get Waltham to 13.25% of FB (13.25% gets Waltham $203,549 increase or 2.9% on $7,068,165 FY12 Aid.) Sen. Will Brownsberger

  12. Options to Offset $10.8m in Cost Sen. Will Brownsberger

  13. Sen. Will Brownsberger

  14. Sen. Will Brownsberger

  15. Sen. Will Brownsberger

  16. Sen. Will Brownsberger

  17. Summary of Analysis • Elimination of Down Payment Aid while continuing effort reduction disproportionately disadvantaged those communities that (a) have above-target RLC and (b) were most disadvantaged by pre-reform aid model (Waltham, others), especially those (c) at the maximum target RLC of 82.5%. • Fairest solution is to place a ceiling on the gap between target contribution and required local contribution, so increasing aid for those furthest below target aid level at all wealth levels. Sen. Will Brownsberger

  18. Funding Options Summary Note: All options shown provide standard grandfathering of FY12 aid. A 2% initial base cut would cover the $43.9 million cost of going fully to target RLCs. Sen. Will Brownsberger