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City told Portland faces roughly $4 million hit from new school funding formula
Legislative and Nominating Committee · February 27, 2026
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Summary
Committee counsel reported an initial $4 million reduction in Portland’s school reimbursement under the new funding formula; the superintendent plans to update headcount data that could lower the figure to about $3.5–3.8 million while local staff and Representative Brennan work on remedies.
Keith Knox told the committee that when the state ran the new school funding formula Portland "is down $4,000,000" in reimbursement and that staff are working to reconcile the numbers.
Knox said school officials plan to update student headcount data in the state system, which…
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