What's new about the new PA funding formula?

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.