2014-2015 Fiscal Year
The enacted budget provides $200 million in total funding, including $100 million in new Ready to Learn funding for public schools that focus on student achievement and academic success, and funding for the successful Accountability Block Grant that supports pre-kindergarten, full-day kindergarten and other proven educational programs at the current level of $100 million. As part of this budget, schools will be authorized to use their Accountability Block Grant for purposes allowed in the Ready to Learn Block Grant, ultimately increasing flexibility for schools and improving learning outcomes for students.
A total of $100 million of the Ready to Learn Block Grant funds will be allocated through a student-focused funding formula to enhance learning opportunities for students and provide resources for schools to innovate at the local level.
The Ready to Learn Block Grant allocation is determined as follows:
Each school district will receive an amount equal to its 2013-2014 PA Accountability Grant allocation pursuant to Section 2599.2 of the School Code.
Each school district and charter school (school entity) will receive a Student-Focused Funding Supplement calculated as the sum of the following:
A per-student factor equal to $231 multiplied by the product of each school entity’s average daily membership (ADM) and its market value/personal income aid ratio (MV/PI AR).
An English language learner factor equal to $34.65 ($231 x 15%) multiplied by the product of the number students in the school entity identified as limited English proficient and its MV/PI AR.
A poverty factor equal to $57.75 ($231 x 25%) multiplied by the product of the number of students in the school entity identified as economically disadvantaged and its MV/PI AR.
If insufficient funds are available, distribution shall be made on a prorata basis.