FY2024 School Finance Fiscal Operations Updates

Base Level Amount 15-901

$4,914.71

$139.44/2.92% total increase

Transportation Support Level 15-945

2.13% increase to support per route mile

0.5 or fewer: $2.89

0.5-1.0: $2.37

More than 1.0: $2.89

District Additional Assistance (DAA) & Charter Additional Assistance (CAA) 15-185 & 15-961

3.20% increase to CAA

Grades PSD-8: $2,049.12

Grades 9-12: $2,388.21

9.38% increase to DAA (amounts below for student count 600+)

            Grades PSD-8: $549.45

            Grades 9-12: $600.86

            HS Textbooks: $84.93

Qualifying Tax Rate 41-1276

Unified School Districts and Common School Districts not within a High School District (Type 03): $3.3098

Common School Districts within High School District and High School Districts: $1.6549

Group B Add-On 15-943

Increased support level weight for FRPL to 0.022 (previously 0.018)

State Aid Rollover 15-973

$800,727,700 of the FY 2024 basic state aid appropriation to school districts is deferred until July 2024. 

This is equal to FY 2023.

Does not apply to charters or school districts with less than 4,000 ADM.

Classroom Site Fund 15-977

$758 per weighted pupil

Prop 123 Additional Funding Laws 2015, 1^st Special Session, Chapter 1, Section 6

$75,000,000 (FY21-FY26)

Results-Based Funding

Results-Based Funding has been eliminated starting in FY2024.

Type 03 Adjustment

Type 03 adjustment has been eliminated starting in FY2024.

County Jail 15-913.1

The 72% funding cap has been removed. Additionally, the amount for capital outlay costs has increased $28, from $72 to $100.

One Time State Aid Supplement

$300,000,000 will be allocated by the Department of Education to all charters and districts on a pro rata ADM basis determined by weighted student count. This weighted student count will be based on district of attendance.

School Finance Fiscal Operations – Related Statutes

Arizona Department of Corrections 15-1372

Arizona Department of Juvenile Corrections 15-1371

Arizona Online Instruction 15-808

Certificates of Educational Convenience   15-825   15-976

Charter Equalization 15-185

Classroom Site Fund 15-977

College Credit by Examination Incentive Program 15-249.06

County Jails   15-913.01

County Juvenile Detention 15-913

County Small School 15-365

Definitions 15-901

Determination of equalization assistance payments from county and state funds 15-971

District Cash Advance of State Aid   15-973

District Equalization 15-943

Early Literacy Grants 15-249.09

Instructional Improvement Fund 15-979

Optional Two Hundred Days of Instruction (5% base level increase) 15-902.04

Result Based Funding

Small School Capital Transportation 15-963

State equalization assistance property tax levy 15-994

Teacher Experience Index 15-941

Unorganized Territory 15-1001