Did You Know

To find how $1,062 is determined, first go to this link that provides the Shared Cost Per Member: See the ANALYSIS OF GENERAL AID AND EQUALIZATION AID FORMULA COMPONENTS here.  In Row 3, under Columns L, M, and N, select Belleville.  Cell P30 provides Belleville's "Shared Cost Per Member" for 2024-25, Shared Cost can be defined as the district expenditures for which the district has no other revenues except for local Property Tax and Equalization Aid.  This amount is $13,342.

Then, go to this link that provides the Survey of Revenue Limit Components: See the SURVEY OF REVENUE LIMIT FORMULA COMPONENTS: 2011-12 TO 2025-2026 here.  In Rows 1 and 2, under Columns K, L, and M, select Belleville.  Cell O11 provides Belleville's " Maximum Revenue Per Member" for 2024-25.  A district's revenue limit is the maximum amount of revenue that may be raised through state general aid and property tax for the General, Non-Referendum Debt (authorized after August 12, 1993) and Capital Expansion Funds, also referred to as Funds 10, 38 and 41 respectively.  This amount is $12,280.

The difference of these two amounts is $13,342 - $12,280 = $1,062.