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Committee walkthrough: Act 73 creates $15,033-per-pupil foundation formula and Educational Opportunity Payment
Summary
Presenters told the Ways & Means committee that Act 73 establishes a new foundation formula with a base amount of $15,033 per pupil, a district-specific Educational Opportunity Payment (EOP), revised weights including special-education and EL refinements, and transitional supports for small and sparse schools.
Presenters reviewed the education-finance portions of Act 73, saying the law creates a new foundation formula with a base amount of $15,033 per pupil and an Educational Opportunity Payment (EOP) calculated by multiplying that base by a district’s weighted long-term membership.
The formula replaces the prior “education spending” concept and refocuses funding as an EOP that districts receive irrespective of prior local spending patterns. "In section 34, we create your base amount of 15,033 per pupil," the presenter said while outlining how the EOP is calculated.
Why it matters: The change alters how much of a district’s revenue is considered automatic (the EOP) versus what voters approve locally. Under Act 73,…
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