2006 Ohio Revised Code - [3318.01.1] 3318.011.Ranking of districts by adjusted valuation per pupil; division into percentiles.

[§ 3318.01.1] § 3318.011. Ranking of districts by adjusted valuation per pupil; division into percentiles.
 

For purposes of providing assistance under sections 3318.01 to 3318.20 of the Revised Code, the department of education shall annually do all of the following: 

(A) Calculate the adjusted valuation per pupil of each city, local, and exempted village school district according to the following formula: 

The district's valuation per pupil - 

[$30,000 X (1 - the district's income factor)]. 

For purposes of this calculation: 

(1) "Valuation per pupil" for a district means its average taxable value, divided by its formula ADM reported under section 3317.03 of the Revised Code for the previous fiscal year. 

(2) "Average taxable value" means the average of the amounts certified for a district in the second, third, and fourth preceding fiscal years under divisions (A)(1) and (2) of section 3317.021 [3317.02.1] of the Revised Code. 

(3) "Income factor" has the same meaning as in section 3317.02 of the Revised Code. 

(B) Calculate for each district the three-year average of the adjusted valuations per pupil calculated for the district for the current and two preceding fiscal years; 

(C) Rank all such districts in order of adjusted valuation per pupil from the district with the lowest three-year average adjusted valuation per pupil to the district with the highest three-year average adjusted valuation per pupil; 

(D) Divide such ranking into percentiles with the first percentile containing the one per cent of school districts having the lowest three-year average adjusted valuations per pupil and the one-hundredth percentile containing the one per cent of school districts having the highest three-year average adjusted valuations per pupil; 

(E) Determine the school districts that have three-year average adjusted valuations per pupil that are greater than the median three-year average adjusted valuation per pupil for all school districts in the state; 

(F) On or before the first day of September, certify the information described in divisions (A) to (E) of this section to the Ohio school facilities commission. 
 

HISTORY: 145 v H 152 (Eff 7-1-93); 146 v H 748 (Eff 9-17-96)/D; 147 v S 102 (Eff 5-20-97); 148 v H 282 (Eff 9-28-99); 148 v S 245 (Eff 6-30-2000); 148 v S 272 (Eff 9-14-2000); 149 v H 675. Eff 3-14-2003.
 

Å See note following RC § 3318.01.