Thursday, January 27, 2011

Ch. 70 aid numbers

The state has posted the Ch.70 aid numbers for FY12. Taking a quick look at Worcester:

The state is preliminarily putting Worcester's aid at $201,135,279 for FY12.

(That's with this year's 1.78% inflation factor, plus Worcester's increased enrollment. If you're interested, it's the complete formula worksheet that has all the numbers. Worcester is district 348.)

Last year, Worcester received $187,838,166 in Ch. 70. However, the state also used $3.7 million in federal funds to keep Worcester at foundation. That brings the number up to $191 million, plus the state also is tacking education jobs funds on top of that, bringing it up to $193.4 million (remember that there's a bit less than a million dollars Worcester still has in education jobs funds for use in FY12).
The state is thus calculating Worcester's aid at $7.7 million more than last year. I suspect our budget (once we get there with real numbers) will spell this out a bit differently, as our finance office breaks it down more.

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