2008-09 Deficit Reduction Assessment 2007-08 Formula Aid: This is the sum of the following aids: Foundation, Full Day Kindergarten, Universal Prekindergarten, Transportation (including Summer), BOCES, Special Services, High Cost Excess Cost, Private Excess Cost, Hardware & Technology, Software, Library ‘Materials, Textbook, Charter School Transitional, High Tax, Supplemental Public Excess Cost, Supplemental Education Improvement Plan, Academic Achievement, Building, Building Reorganization Incentive and EXCEL Aid. 2008-09 Formula Aid: The same list of aids described above plus Operating Reorganization Incentive and Academic Enhancement aids. $ Chg From 2007-08 Formula Aid: Difference between the two Formula Aids. % Change: Dollar Change From 2007-08 Formula Aid divided by 2007-08 Formula Aid multiplied by 100. Reduction Amount: A Reduction Amount is calculated as the lesser of: ‘The sum of a) the product of -2.5 percent multiplied by a district’s 2008-09 Formula Aid (without Building and Building Reorganization Incentive Aids, EXCEL ‘Aid and Universal Prekindergarten) plus ) the result of -$345.89 multiplied by 1.0 minus a district’s three-year K-6 free and reduced price lunch percentage for Foundation Aid with the result multiplied by a district’s Combined Wealth Ratio for Foundation Aid multiplied by Estimated 2007-08 Public Enrollment. The minimum reduction is -3.0 percent multiplied by a district's 2008-09 Formula Aid (without Building and Building Reorganization Incentive Aids, EXCEL Aid and Universal Prekindergarten). The maximum reduction is -10.0 percent. or For districts with a Tax Effort Ratio (@ district’s residential levy divided by district income) greater than 3.7 percent and a Combined Wealth Ratio for Foundation Aid less than 4.00: ‘The result of -10.0 percent divided by the quotient of the district’s Tax Effort Ratio divided by 3.7 percent, but not less than -5.0 percent, multiplied by 2008-09 Formula Aid (without Building and Building Reorganization Incentive Aids, EXCEL Aid and ‘Universal Prekindergarten). The maximum reduction is -10.0 percent; the minimum reduction is -5.0 percent.‘on ED: 06880 ‘COUNTY = ALBANY ee: 6800 STATE OF HER YOR. ‘2008-09 DEFICIT REDUCTION ASSESSMENT BESTRIET SGRE Len FEEIPE Brena SERRE wea RABR er au Ske: 1120 FY ED: 289 11/12/08 AGE 1 si No, BT037-3 avena CSERARR URGE sourm REBATE a oat rene aay TN tN Foye agen ag aT ‘Woo ED: 06880 ‘DB ED: 06880 ‘STATE OF NER YORK ‘SA ED: 1120 PY ED: 383 11/12/08 PAGE 2 cove = aay aon DEOIT NBUTION ASESRNT tin a0, T0738 nti Ge oe ee Ce aan vat eeu nei PRM AR ey aa 088 18 4A aig oe ONS ag 9780908 FES “a 5126 6:a0 FD: osteo, a ED: 06800 STATE OF HEM YORK ‘heb: 1120 PY EDs 09 nN/t2/00 PAGE 5 COUNTY, = ALLEGANY ‘2008-09 DEFICIT REDUCTION ASSESSHENT a no, 097-2 BISTRIEH ORE riPRRERE sore SPFLEE cone au SRPORS eeu SRREREnocivan-RFCREE a 5 Telrad ve B. i oR Beat 55 Be FEM Ben BB ‘ity RSL SERUGEENY HO 2785 me) x th 2483 PRA ARS RAE RES Tusa SS OTR rab 3 9: es i veo for osttb We es os8eD FATE oF Wor YOR Geer ize Web 383 —TI/iR/O8 PAGE 6 TREE SRE Thane ree FET B usu igure" Pay oH a ea 2008-09 DEFICLT REDUCTION ASSESSMENT ‘ray RUN Ho, BT037-3