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Officials explain TISA formula, state/local shares and charter funding in Hamilton County
Summary
District finance staff reviewed how the state TISA funding formula works, local fiscal capacity, and how charter and voucher students factor into the district’s revenue.
Mary Ellen, the district finance presenter, gave a primer on TISA, the state funding formula that replaced BEP, and described the formula’s components and how local contributions are calculated.
Mary Ellen said TISA’s calculation begins with a base funding amount per average daily membership (ADM) and adds weights for factors including economic disadvantage, English‑language learners and special education needs. “For the base and weights, all the localities across the state have to contribute 30%. Some of us just pick up more than others. So our share ends up being about 36%,” she said, explaining that Hamilton County’s fiscal capacity raises the local share above the statewide baseline and leaves the state paying roughly 64% of the formula.
The presenter noted the district distributes formula dollars across regular district schools, charter schools and the ESA voucher program. She said charters receive roughly 7% of the district’s revenue in the current accounting because transfers are calculated from the combined formula and local contributions and distributed monthly to charters during the 10‑month reporting cycle.
Board members asked for clarification about ESA vouchers and charter accounting; staff replied ESA refers to the educational savings accounts (voucher program) and that both charter and ESA students are counted and funded through the formula, with local and state shares adjusted to produce the monthly distributions to each entity.
Staff warned final TISA totals remain provisional until state counts, enrollment reports and the governor’s budget are finalized in the spring. Committee members were told the district receives monthly updates on TISA estimates and typically refines projections over the budget cycle.
