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Oregon’s Community College Funding Formula

Oregon’s Community College Funding Formula. Education Subcommittee of Ways and Means June 12, 2003 Presented by the Department of Community Colleges and Workforce Development. Components. State appropriation 50% of property tax revenues Base allocation

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Oregon’s Community College Funding Formula

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  1. Oregon’s Community College Funding Formula Education Subcommittee of Ways and Means June 12, 2003 Presented by the Department of Community Colleges and Workforce Development

  2. Components • State appropriation • 50% of property tax revenues • Base allocation • Funded FTE (Frozen at 2001-2002 levels) • “GAP” adjustment complete in 2004-05

  3. The Basic Equation plus State Appropriation 50% of Imposed Property Taxes Equals: Total Formula Funds Minus: Base Funding Divided by: Enrollments Equals: Funds per FTE

  4. How it Works • Total 2003-2005 Appropriation 401,906,504 Less Categorical Funding -3,362,565 • Available for Formula Distribution 398,543,939 Divide by Two for Yearly Amount ÷2 • 2004-05 State Funds Available 199,271,970 Add 50% of Property Tax Statewide +52,431,396 • Total Formula Resources251,703,366

  5. How it Works (con’t.) • Total Formula Resources 251,703,366 Less Am’t Required for Base -11,743,759 • Available for FTE Distribution 239,959,607 Divide by Funded FTE ÷96,063.34 • Amount Available per FTE $2,498

  6. 2004-2005 Illustration(Lane) • Base Payment 694,100 • ADD: Amount Available per FTE 2,498 Times 2001-2002 FTE x 12,694.0531,708,863 • Formula Resources 32,402,963 • Less 50% Property Taxes - 6,208,226 • 2004-05 State Aid $26,194,737

  7. 2004-05 Illustration(BlueMountain) • Base Payment 738,592 • ADD: Amount Available per FTE 2,498 Times 2001-2002 FTE x 2,436.546,086,309 • Formula Resources 6,824,901 • Less 50% Property Tax - 1,819,987 • Equals 2004-2005 State Aid $5,004,914

  8. Things to Remember • The funding formula is really a distribution formula • Information presented is based on CCWD estimates ONLY … Any changes in appropriations will change the results • A new formula will be developed for 2005-2007

  9. College Actual 2001-02 RFTE Rate per Thousand Property Taxes Imposed Taxes per FTE Blue Mountain 2,349.28 $0.6611 3,008,881 $ 1,281 Central Oregon 3,988.99 $0.6204 7,173,672 $ 1,798 Chemeketa 11,637.35 $0.6259 11,298,620 $ 971 Clackamas 7,792.56 $0.5582 9,004,227 $ 1,155 Clatsop 1,715.84 $0.7785 2,517,860 $ 1,467 Columbia Gorge 845.05 $0.2703 317,708 $ 376 Klamath 1,193.83 $0.4117 1,183,902 $ 992 Lane 12,746.88 $0.6191 10,982,571 $ 862 Linn-Benton 6,765.55 $0.5019 4,631,609 $ 685 Mt. Hood 9,467.29 $0.4416 7,378,789 $ 779 Oregon Coast 461.09 $0.1757 716,742 $ 1,554 Portland 24,851.77 $0.2828 18,640,144 $ 750 Rogue 4,939.67 $0.5128 7,031,022 $ 1,423 Southwestern Oregon 3,029.86 $0.7017 3,391,497 $ 1,119 Tillamook Bay 426.20 $0.2636 653,693 $ 1,534 Treasure Valley 1,797.43 $1.2235 1,407,800 $ 783 Umpqua 3,541.33 $0.4551 2,053,736 $ 580 Totals/Averages 97,549.97 $0.5433 91,392,473 $ 937 Property Taxes

  10. Impact of Property Taxes on Distribution *Projections based on funding included in Governor’s Budget

  11. Projected State & Property Taxes per FTE – 50% of Property Taxes Included in Formula

  12. Projected State & Property Taxes per FTE – Property Taxes Excluded from Formula

  13. Projected State & Property Taxes per FTE – All Property Taxes Included in Formula

  14. Comparison of Property Tax Effect on Formula

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