March 2025
The data below shows the statewide average state share of base cost funding from FY1999 through FY2019. The percentages shown reflect only the calculated state share of base cost funding and do not include categorical funding components or the guarantee. The state share of the base was typically also applied to determine the state share of the categorical funding components which employed a state share (i.e. special education, gifted, English learners, career tech). From FY14 through FY19, the statewide average state share is shown for both computed and capped funding.
The data in Table 1 shows that the statewide average state share peaked at 48.5% in FY02 before declining to 41.3% in FY08. The state share increased under both the Evidence Based Model (EBM) in FY10 and FY11 and would also have increased under the funding formula in place from FY14 through FY19 had the Gain Cap not been in place. Even with the Gain Cap, in place, however, the state average state share percentage of the base cost increased from 42.4% in FY14 to 46.3% in FY19.
Table 2 shows the state average state share of the base cost from FY199 through FY19 shown in Table 1 and also includes the state average state share of the base cost from FY22 through FY27 under the Fair School Funding Plan (FSFP). FY26 and FY27 figures are estimated by LSC under the provisions of the FY26-27 Executive Budget.
Table 2 shows that under the FSFP FY24 was the high point for the state share of the base cost at 43.3%. This was the year when the base cost input data was updated to FY22, the most current year for which data was available. Table 2 also shows that the state share of the base costs steadily declines in FY25, FY26 and FY27 as the base cost inputs have remained at FY22.
