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New formula marks a turning point

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What's new about the new PA funding forumla?

by Paul Socolar

• The 2007 "costing-out" study is used to determine each district's need.
• Extra funds are awarded for students in poverty and English language learners.
• Funds are allocated based on each district's spending shortfall or "adequacy gap."
• Many of the neediest districts get double-digit percentage increases.
• Districts must develop accountability plans to moniter the use of new funds.
• The state pledges to meet funding adequacy targets by 2013.

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