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JFO explains Act 73 foundation formula: base set at 15,033 and weights reassigned
Summary
Joint Fiscal Office analysts told the committee that Act 73 establishes a foundation formula with a base amount of $15,033 per student, additive tiered weights for special education and English learners, and that a consultant report on implementation is due December 2026.
Ezra Holden, Joint Fiscal Office staff, told the Ways & Means committee that Act 73 creates a foundation formula with a base amount of $15,033 per student, adjusted annually for inflation, that becomes the foundation of each district’s Education Opportunity Payment (EOP). "The foundation formula has a base amount of 15,033, and that is the amount that every student would receive," Holden said.
Under Act 73 the base is multiplied by a district’s long-term weighted average daily membership and by additive weights for students who meet specified categories. Holden said…
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