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Proposal
Board of Regents
State Aid Subcommittee
November 16, 2015
$62.0
$60.15
$ in billions
$60.0
$58.0
$58.43
2011-12
2012-13
$56.94
$55.71
$56.0
$54.06
$54.0
$52.0
$58.09
$51.56
$50.0
$48.0
$46.0
2007-08
2008-09
2009-10
2010-11
2013-14
2014-15
Foundation Aid
The Board of Regents proposed Foundation Aid as a
means to support instruction with proportionally greater
State funding flowing to districts that need it the most
The Subcommittee has historically maintained its
commitment to the Foundation Aid approach.
At this time, the Subcommittee should consider renewing
its commitment to a phase-in of Foundation Aid within a
reasonably short timeframe, beginning with a substantial
increase in Foundation Aid in 2016-2017.
7
2015-16
Foundation
District
Needs/Resource Foundation Aid Phase-in
Category
Aid
Remaining
$11.2B
$3.4B
High Need
$3.9B
$0.7B
Average Need
Full
Foundation
Aid
$14.6B
$4.6B
Low Need
$0.8B
$0.3B
$1.1B
Total State
$15.9B
$4.4B
$20.3B
10
11
12
13
14
$ in millions
$300
$250
$200
$317.9
$150
$259.6
$100
$50
$78.7
$109.4
$165.7
$164.3
$183.1
$0
Nov 2009 Nov 2010 Nov 2011 Nov 2012 Nov 2013 Nov 2014 Nov 2015
If funding remains constant for the coming years, new claims approved in
November 2015 will not be paid until the 2032-33 school year17 years
from now.
59%
$180
$ in millions
$160
$140
$120
$100
$185.0
29%
$80
$60
$92.8
$40
$20
12%
$38.7
$0
High Need
Average Need
Low Need