Section 25-2502.37 - Basic education funding for 1999-2000 school yearFor the 1999-2000 school year, the Commonwealth shall pay to each school district a basic education funding allocation which shall consist of the following:
(1) An amount equal to the basic education funding allocation for the 1998-1999 school year pursuant to sections 2502.13 and 2502.36. (2) A base supplement payable to qualifying school districts.(i) To qualify for the base supplement, a school district's 2000-2001 market value/income aid ratio must be equal to or greater than four thousand ten-thousandths (0.4000).(ii) The base supplement is calculated for qualifying school districts as follows: multiply the school district's 2000-2001 market value/income aid ratio times its 1999-2000 average daily membership; multiply this product times seventy-six million dollars ($76,000,000); divide the resultant product by the sum of the products of the 2000-2001 market value/income aid ratio times the 1999-2000 average daily membership for all qualifying school districts.(3) A growth supplement is calculated for qualifying school districts as follows: multiply the increase in average daily membership between the 1998-1999 and 1999-2000 school years times four hundred dollars ($400).(4) A poverty supplement to qualifying school districts.(i) To qualify for the poverty supplement, the number of children in low- income families residing in the district for the 1999 calendar year divided by the district's average daily membership for the 1999-2000 school year must be greater than or equal to ten per centum (10%).(ii) The poverty supplement is calculated for qualifying school districts by multiplying the number of children in low-income families as defined in section 2501(21) residing in the district for the 1999 calendar year times fifty dollars ($50).(5) Each school district will be guaranteed a minimum increase to be calculated as follows: (i) Each school district with a 2000-2001 market value/income aid ratio equal to or greater than seven thousand ten-thousandths (0.7000) will receive additional funding, as necessary, so that the sum of the amounts in clauses (2), (3), (4) and (5) will equal at least four per centum (4%) of the amount in clause (1).(ii) Each school district with a 2000-2001 market value/income aid ratio less than seven thousand ten-thousandths (0.7000) will receive additional funding, as necessary, so that the sum of the amounts in clauses (2), (3), ( 4) and (5) will equal at least one per centum (1%) of the amount in clause (1) .1949, March 10, P.L. 30, No. 14, art. XXV, § 2502.37, added 2000, May 10, P.L. 44, No. 16, § 14, effective 7/1/2000.