OHIO DEPARTMENT OF EDUCATION
08:15 Friday, September 19, 2003
OFFICE OF POLICY RESEARCH & ANALYSIS
EQUITY AID
CALCULATION FOR FY04
SORTED BY INCOME ADJUSTED VALUATION PER PUPIL
Note: The adjusted valuation per pupil figure is calculated as follows: (Unadjusted Valuation Per Pupil) - {30,000
X [1 - (District
Median
Income / State Median Income)]}, where the unadjusted valuation per pupil is the average of FY01, FY02 and FY03
valuations divided by FY03 formula ADM. The 30,000 is a constant and the state median income for TY01 is $29,123. A threshold
adjusted valuation per pupil is then determined and the equity aid is paid
to all districts that fall below that threshold figure based on
the following formula: Equity Aid = [(Threshold Valuation Per Pupil - Adjusted Valuation Per Pupil) X 0.009] X Formula ADM
Of
Previous Year<< The threshold valuation figure for FY03 is $70,840.
This qualifies 117 school districts to receive equity funding.
Twenty Lowest Wealth Districts
Obs District
Valuation Per Pupil
1 Trimble Local SD, Athens 19,958
2
Huntington Local SD, Ross 25,512
3 Western Local SD, Pike 26,522
4
Southern Local SD, Perry 26,612
5 Dawson-Bryant Local SD, Lawrence 28,942
6 Symmes Valley Local SD, Lawrence 30,128
7 Washington-Nile Local SD, Scioto 31,531
8
Northwest Local SD, Scioto 32,029
9 Eastern Local SD, Pike 32,791
10 Windham Ex Vill SD, Portage 35,263
11 Bloom-Vernon Local SD, Scioto 35,918
12 Wellsville
Local SD, Columbiana 36,269
13 East
Cleveland City SD, Cuyahoga 36,385
14 Crooksville Ex Vill SD, Perry 36,406
15 Minford Local SD, Scioto 37,648
16 Rock
Hill Local SD, Lawrence 37,786
17 Campbell City SD, Mahoning 41,018
18 Felicity-Franklin
Local SD, Clermont 42,311
19 Valley Local SD, Scioto 43,101
20 Frontier
Local SD, Washington 44,011
~~~
487 Westerville City SD, Franklin 145,087
~~~
Twenty Highest Wealth Districts
593 New Richmond Ex Vill SD, Clermont 239,746
594 Kirtland Local SD, Lake 241,611
595 Port
Clinton City SD, Ottawa 242,034
596 Benton Carroll Salem Local S, Ottawa 244,744
597 Rocky River City SD, Cuyahoga 257,993
598
Revere Local SD, Summit 258,566
599
Sycamore Community City SD, Hamilton 285,896
600 Brooklyn
City SD, Cuyahoga
290,541
601 Westlake City SD, Cuyahoga
310,028
602 Mayfield City SD, Cuyahoga
320,831
603 Princeton City SD, Hamilton
324,290
604 Perry
Local SD, Lake 342,595
605 Danbury Local SD, Ottawa
407,831
606 Indian
Hill Ex Vill SD, Hamilton 408,574
607 Orange City SD, Cuyahoga
412,258
608 Independence Local SD, Cuyahoga 455,212
609 Beachwood City SD, Cuyahoga
495,867
610 Cuyahoga Heights Local SD, Cuyahoga 707,040
611
Put-In-Bay Local SD,
Ottawa
743,128
612 Kelleys Island Local SD, Erie
1,533,394
