The transition from the 2014-2015 school year to the 2015-2016 school year ensures that schools are allocated the same base-lined funds they received in the prior year with adjustments only for changes in the number and needs of students, and for changes to the citywide average salary.

New funding is invested in:

Raising the system-wide minimum funding percentage to 82% of the Formula.

Raising Renewal, Community and Persistently Failing Schools to 92% of Formula in the 2015-2016 school year, as they transition to 100% of formula in 2016-2017.

Adjustments for Salary:

Schools are fully funded for the 2016 value of the collective bargaining related increases, based on FY 2015 FSF scheduled budgets, adjusted for year-over-year weighted register changes.

During FY 2015 system-wide average teacher salaries, excluding the fully funded collective bargaining increases, decreased from the prior year, therefore the formula for FY 2016 will be adjusted to reflect the lower average teacher salary.

Calculations may have minor discrepancies due to rounding display of percentages applied.

Calculated at the FSF Preliminary Funding Percent, capped at 100%.
The Preliminary FSF Funding Percent represents FY 2015 school percent of formula after Mid-Year Register adjustment.

Staff includes all staff on school payroll as well as Per-Diem, Per-Session and Prep Period Coverage.

FootnotesThe Preliminary FSF Funding Percent represents FY 2015 school percent of formula after Mid-Year Register adjustment.