Joint Legislative Budget Committee

Staff Memorandum

1716 West Adams                                                                                                                           Telephone: (602) 926-5491

Phoenix, Arizona 85007                                                                                                                 azjlbc.gov

DATE:	March 25, 2022
TO:	Richard Stavneak, Director
FROM:	Patrick Moran, Assistant Director
SUBJECT:	PROPOSED SB 1269 STRIKE EVERYTHING AMENDMENT ON SCHOOL FINANCE REVISIONS

This memo provides our analysis of the proposed strike everything amendment to SB 1269 dated 3/22/2022 at 4:56 pm, which would make several revisions to K-12 school funding formulas.

Estimated Impact

We estimate that the bill would have a net General Fund cost of $215.0 million in FY 2023.  Table 1 delineates the estimated General Fund impact by each proposed formula change and by the impact on districts (increase of $172.0 million), charter schools (increase of $41.9 million) and empowerment scholarship accounts (ESAs) ($1.1 million).

Table 1
Estimated General Fund Impacts from School Finance Revisions ^1^/
	Districts	Charters	Total
Replace Results-Based Funding with Achievement Weights	47,150,000	8,941,700	56,091,700
Eliminate Teacher Experience Index	(53,794,800)	0	(53,794,800)
Eliminate Additional Teacher Compensation Monies	(69,571,800)	0	(69,571,800)
Additional 2.5% Base Level Increase	137,084,700	32,956,900	170,041,600
Additional 30.0% TSL Increase	77,184,800	0	77,184,800
Allow Districts to Receive TSL Funding on Per Pupil Basis ($330)	43,671,000	0	43,671,000
Non-State Aid Share of Formula Increases	(9,769,000)	0	(9,769,000)
ESA Award Increases	0	0	1,102,900
Total General Fund Increase	171,954,900	41,898,600	214,956,400
________________
1/  Excludes impact from phase-out of Transportation Revenue Control Limit (TRCL) levies authorized by A.R.S. § 15-992F1, as such levies do not impact the state's cost of equalization assistance.  We estimate the phase-out would reduce district budgets by $(9.2) million in FY 2023 and by $(81.2) million by FY 2027.  Also excludes costs associated with districts opting into the State Student Funding Formula.

For school districts, the net funding increase would be lower than the $172.0 million General Fund impact because the bill would phase out over 5 years the ability of districts to levy primary property tax levies currently authorized by Transportation Revenue Control Limit (TRCL).  By FY 2027, the net TRCL reduction would grow to $(81.2) million, lowering the net district funding increase to $100.5 million.

(Continued)

The impact of the above changes would vary by district and by charter school.  Estimated impacts delineated by district and charter can be found in Table 2 and Table 3 (attached).  These tables are based on full implementation of the TRCL phase-out by FY 2027.

Beginning in FY 2024, we estimate the cost of the bill may grow beyond $215.0 million because school districts would be permitted to opt into the "State Student Funding Formula" that would be used by charter schools.  The State Student Funding formula would cost more to the state than the regular district formula due to Charter Additional Assistance, which exceeds District Additional Assistance by approximately $1,500 per pupil.  Only districts with no overrides or bonds would be eligible, and districts opting into the formula would be prohibited from levying other K-12 property tax levies, such as adjacent ways or the small school adjustment, and would not be eligible to receive Building Renewal Grant Fund monies from the School Facilities Division (SFD) of the Arizona Department of Administration (ADOA).

The costs of districts opting into the State Student Funding Formula are highly uncertain.  Before opting in, districts would need to receive approval from their residents via a ballot referral measure.  We cannot predict the outcome of such measures in advance.  District financial conditions may also change over time, so the number of districts that would potentially benefit from the formula may be higher or lower over time.

Based on the above factors, we developed an "upper bound" estimate of the cost of districts opting into the charter formula by assuming that districts with current district property tax levies that are less than estimated funding gain from the charter formula would opt into the formula.  Under those assumptions, we estimate that there are 26 districts with no current budgeted overrides or debt service for bonds that could potentially receive a net financial benefit from opting into the State Student Funding Formula.  If all 26 districts opted into the formula, we estimate total formula funding for the districts would increase by $20.5 million, of which the General Fund would cover $14.2 million in FY 2024.

Over time, districts that currently have overrides or bonds in place may allow their overrides and bonds to expire to allow them to opt into the State Student Funding Formula due to a net financial gain.  We estimate that there are 33 districts with overrides or bonds currently in place that may experience a net financial benefit if they became eligible to opt into the formula based on their current property tax levies.  If all 33 districts eventually opted into the formula, we estimate total formula funding for the districts would increase by $114.3 million, of which the General Fund would cover $77.9 million annually.  In combination with the $14.2 million cost of districts currently eligible, the long run annual cost may be $92.1 million over and above the $215.0 million cost of other formula changes.

Our analysis of districts that could potentially opt into the formula as outlined above can be found in Table 4. (attached)

Analysis

Replace Results-Based Funding with Achievement Weights

The bill would establish new group B weights called "achievement weights" that would allocate funding to districts and charter schools based on their letter grade assigned by the State Board of Education (SBE) pursuant to A.R.S. § 15-241.  The weights would be as follows:

(Continued)

· 0.049, or approximately $225 per pupil, for students attending schools with a letter grade of A and with fewer than 50% of students eligible for free or reduced-price lunches (FRPL).

· 0.091, or approximately $417 per pupil, for each student attending a school meeting either of the following criteria:

o A letter grade and at least 50%, but less than 80% FRPL-eligibility.

o B letter grade and at least 70% FRPL-eligibility

· 0.111, or approximately $509 per pupil, for students attending schools with a letter grade of A and with 80% or more FRPL-eligibility.

These weights would replace the Results-Based Funding formula, which currently allocates per pupil funding amounts ranging from $225 to $400 based on each school's results in the statewide assessment in reading and math.  For FY 2022, ADE reports that there were approximately 250,000 students attending schools that qualified for funding under the current formula.  By comparison, we estimate that approximately 418,400 students attend a school that meets the criteria to receive achievement weight funding.  The 418,400 estimate is based on SBE's assigned letter grades for FY 2019 (most current year available) and average daily attendance data published by ADE for FY 2021 and FY 2022.  Based on that data, we estimate the average per pupil award would be $298, which would result in a total cost for the weights of $124.7 million.  The $124.7 million exceeds the current $68.6 million appropriation for Results-Based Funding by $56.1 million.

The cost of the weights in future years will depend on how many students attend schools receiving a letter grade that qualifies for funding.  For example, if SBE modifies the letter grade formula in a manner that results in more schools receiving an A letter grade in comparison to the current formula, the cost of the achievement weights would increase.  In addition, given that the achievement weights are multiplied by the Base Level, which is adjusted annually for inflation, the cost of the formula will increase in future years relative to current law (Results-Based Funding is not currently subject to annual inflation adjustments). 

Eliminate Teacher Experience Index

The bill would eliminate the Teacher Experience Index (TEI), which allows school districts with teachers

that have more years of teaching experience than the statewide average receive an increase to their

Base Level.  The Baseline assumes districts would receive the same TEI adjustment in FY 2023 as in FY 2022.  Under that assumption, the elimination of the TEI would decrease Base Level funding for school districts by $(53.8) million, or a decrease of (0.9)%.

Eliminate Additional Teacher Compensation Monies

The bill also eliminates a 1.25% increase to the Base Level available to districts for additional teacher compensation.  Districts are eligible if they establish a teacher performance evaluation system that meets standards adopted by the State Board of Education.  Nearly all districts receive the 1.25% increase.  The elimination of the adjustment would result in an estimated formula reduction of $(69.6) million in FY 2023.

Additional 2.5% Base Level Increase

The elimination of the TEI and the 1.25% for additional teacher compensation would be offset by an additional increase to the Base Level of $109.77, or 2.5%.  After accounting for the 2.0% increase assumed in the Baseline pursuant to A.R.S. § 15-901.01, the total FY 2023 Base Level increase would be

4.5%.  Given estimated weighted public school ADM of approximately 1.55 million in FY 2023, the Base Level adjustment would increase formula costs by an estimated $170.0 million in FY 2023. 

(Continued)

Transportation Funding Adjustments

The BSA formula establishes transportation funding for school districts via the Transportation Support Level (TSL), which primarily determines district transportation funding by multiplying district route miles

incurred in transporting pupils in the prior year by per-mile reimbursement factors adjusted annually for inflation.  The current maximum per-mile reimbursement rate is $2.77.  Districts may also levy an additional primary property tax for the difference between funding provided by the TSL and the Transportation Revenue Control Limit (TRCL).  TRCL budget capacity effectively holds districts harmless from funding reductions that would have occurred in prior years due to a reduction in route miles.

The bill would make the following adjustments to the current district transportation formula:

· Additional 30% TSL Increase: Under the Baseline, the maximum per-route mile reimbursement rate is assumed to increase by 2% to $2.83.  The higher route mile rates established by the bill would be approximately 30% higher than the Baseline.  The higher rates would result in an increase in TSL funding relative to the Baseline of $77.2 million, which would raise total TSL funding to $343.0 million.

· Authorize districts to receive TSL funding on a per pupil basis: Districts could opt to receive $330 per pupil for the TSL instead of calculating their funding based on route miles.  We estimate that 69 school districts would receive more funding from the per pupil formula compared with the updated route mile formula, generating additional transportation formula funding expenses of $43.7 million.  Total TSL funding would therefore increase to $386.7 million. 

The resulting Basic State Aid equalization formula increase for districts would be $120.9 million.  The formula cost increase could be lower to the extent that district route miles do not return to pre-pandemic levels during the 2021-2022 school year.

The transportation funding increase would be lower than the $120.9 million equalization formula increase, however, because the bill phases out TRCL over 5 years.  In FY 2023, each district's levy would be capped at 80% of the difference between their FY 2021 TRCL and FY 2021 TSL.  We estimate the bill would authorize TRCL levies of $72.0 million for FY 2023, which would represent a reduction of $(9.2) million in comparison with the Baseline.  The $(9.2) million reduction in TRCL levies would not result in General Fund savings since these monies are only funded via district primary property taxes. 

After FY 2023, the $72.0 million of remaining TRCL levies would phase down at a rate of 20% annually until reaching $0 in FY 2027.  As a result, we estimate that in the long-run district transportation funding increase would be $39.7 million in comparison to current law. 

Empowerment Scholarship Account Changes

ESA awards would increase as a result of changes to the Base Level component of the formula, including, the additional 2.5% increase to the Base Level and the elimination of the TEI and additional monies for teacher compensation.  The Base Level component of the ESA award would increase by approximately 0.7% as a result of the above changes, which we estimate would increase ESA awards by $1.1 million. 

State Student Funding Formula Opt-In for Districts

The bill would establish a process for school districts to opt into the "State Student Funding Formula," which would be the same as the funding formula for charter schools.  Only districts with no budget

overrides and with no more than 4 years of remaining debt service payments on voter-approved bonds

(Continued)

would be eligible to opt in.  Districts would only be permitted to adopt the formula after a ballot measure is approved by a majority of its voters. 

After opting into the formula, districts would be prohibited from adopting certain tax levies that are outside the equalization formula to fund schools, including overrides, bonds, desegregation levies, the excess debt service portion of tuition, interest for tax anticipation notes or registered warrants, transportation revenue control limit levies, the small school adjustment, tuition loss, or adjacent ways.  Districts would also be prohibited from receiving funding from the School Facilities Division of the Arizona Department of Administration for building renewal (new school construction formula funding would still be allowed).

Districts that opt into the formula would be permitted to levy a higher Qualifying Tax Rate (QTR) for the purposes of Basic State Aid formula calculations than other districts.  The rates in the bill for unified districts ($4.2388) would be about 24% higher than the regular QTR rate for unified districts ($3.4108) under the Baseline in FY 2023.

As noted above, the number of districts opting into the formula would depend on a number of factors, including whether the proposal receives voter approval, the district's financial condition, and foregone SFD building renewal grants.  To determine an "upper bound" number of how many districts may opt in, we reviewed adopted school district budgets for FY 2022 to determine how many districts have current property tax levies that exceed the estimated funding gain they would experience from opting into the formula.

Based on our analysis, there are 89 school districts (excluding CTEDs) that did not budget monies associated with overrides or debt service for bonds.  Of those districts, we estimate that only 26 would experience a net financial gain by opting into the state student funding formula.  Most of the 63 school districts with no financial gain receive funding from a small school adjustment levy pursuant to A.R.S. § 15-949.

We estimate the 26 districts opting in would experience a formula funding gain of $20.5 million.  Of that amount, we estimate $8.4 million would be offset by the higher qualifying tax rate.  The higher QTR, however, would also result in higher Homeowner's Rebate expenses of approximately $2.2 million,

generating a net General Fund impact of $14.2 million.  This impact would not occur until at least FY 2024, as districts would first have the opportunity to hold an election to opt into the formula in November 2022.  Approved changes to the formula would only take place in the fiscal year following the election year, which would be FY 2024. 

Over time, other districts that are not currently eligible due to an outstanding bond or override may choose to opt in if the formula funding increase they would receive would exceed the total revenues they collect from other overrides, bonds, and other tax levies.  Based on districts' adopted FY 2022 budgets, we estimate that there are an additional 46 districts (excluding CTEDS) with active bonds or overrides that receive less in per pupil funding from their property tax levies than they would from opting into the State Funding Formula.  If those districts were to eventually opt into the formula, we

estimate that total formula funding would increase by an additional $114.3 million, of which $48.4 million would be covered by the higher QTR rates authorized by the bill.  The higher QTR would generate

additional estimated Homeowners Rebate obligation of $12.1 million, resulting in a net General Fund impact of $77.9 million. 

(Continued)

Including both currently eligible districts and districts that may become eligible in the future, the potential annual General Fund impact could reach $92.1 million.  This impact is highly uncertain and may not occur for several years, as districts that are currently ineligible would have to at least wait until their overrides or bonds are closer to expiration to opt into the formula.  In addition, there may be some offsetting savings in the Building Renewal Grant program within the School Facilities Division. 

While the Baseline only includes $16.7 million for ongoing Building Renewal funding in FY 2023, the Legislature has consistently provided one-time funding at much higher levels.  For example, the final building renewal funding level for FY 2021 was $146.2 million.  Given that the 59 districts that would opt into the State Student Funding Formula represent about 14.0% of the statewide district student population, there could be a corresponding (14.0%) reduction in building renewal requests of approximately $(20.8) million based on the FY 2021 funding level.  Since the higher building renewal funding level is not included in the Baseline, however, the $(20.8) million does not represent a savings relative to the Baseline.

Local Government Impact

In FY 2023, the bill would increase school district property tax collections by an estimated $0.6 million, which consists of a $(9.2) million decrease for the first year of the phaseout of the TRCL, partially offset by $9.8 million in additional budget capacity within state aid districts associated with the formula increases outlined above.  Property tax levies would decline, however, by an estimated $(72.0) million by FY 2027 as TRCL is incrementally phased out in full.

There would be additional impacts to property taxes for any district that opts into the State Student Funding Formula.  As noted above, we estimate that the 59 districts that may receive a financial benefit from opting in are levying property taxes outside the equalization formula equal to $57.5 million.  Those taxes would be replaced by the higher QTR authorized for such districts, which we estimate would generate approximately $66.6 million.  As a result, there would be an estimated net property tax increase across such districts of approximately $9.1 million if all 59 districts decided to opt in.  The property tax increase would likely only materialize over several years as districts opt into the formula and is highly speculative.

PM:kp

Table 2                                                                                                               Estimated Impact of School Finance Revisions by District (Full TRCL Phase-Out)
District Name	FY 2023 District RCL + DAA (Baseline)	Achievement Weights	Eliminate TEI	Eliminate Additional Monies for Teacher Compensation	Additional 2.5% Base Level Increase	TRCL Phase-Out	Additional 30% Route Mile Increase	Authorize $330 Per Pupil In Lieu of Route Miles	Total	Funding Change from Baseline RCL + DAA
Agua Fria Union High School District	66,461,900	0	0	(724,600)	1,420,900	(217,600)	687,200	0	1,165,900	1.8%
Aguila Elementary District	1,597,100	25,700	(71,300)	(10,500)	20,600	(104,400)	7,700	6,600	(125,600)	-7.9%
Ajo Unified District	3,626,900	55,200	0	(40,000)	78,400	(103,100)	4,400	112,800	107,700	3.0%
Alhambra Elementary District	66,257,000	538,500	(727,600)	(736,300)	1,443,800	0	456,100	1,223,700	2,198,200	3.3%
Alpine Elementary District	1,195,100	13,300	0	(4,800)	9,500	(287,500)	114,200	0	(155,300)	-13.0%
Altar Valley Elementary District	6,654,600	0	0	(40,300)	79,100	(370,800)	265,700	0	(66,300)	-1.0%
Amphitheater Unified District	87,153,800	1,200,700	(604,800)	(921,800)	1,807,500	(1,056,100)	1,444,900	0	1,870,400	2.1%
Antelope Union High School District	2,419,900	0	(69,300)	(20,300)	39,800	(188,800)	105,500	0	(133,100)	-5.5%
Apache Elementary District	119,800	0	(4,900)	(500)	1,000	(37,500)	9,900	0	(32,000)	-26.7%
Apache Junction Unified District	23,832,200	56,500	0	(246,600)	483,500	(792,800)	470,600	0	(28,800)	-0.1%
Arlington Elementary District	2,559,300	0	(204,900)	(22,500)	44,000	(116,700)	77,800	0	(222,300)	-8.7%
Ash Creek Elementary District	387,700	0	(21,500)	(2,200)	4,300	(118,400)	16,200	0	(121,600)	-31.4%
Ash Fork Joint Unified District	2,792,600	12,800	(147,000)	(24,100)	47,300	(43,200)	139,100	0	(15,100)	-0.5%
Avondale Elementary District	38,327,900	908,300	0	(430,700)	844,500	(73,000)	248,000	735,500	2,232,600	5.8%
Bagdad Unified District	3,602,100	0	0	(39,400)	77,200	(16,100)	40,500	0	62,200	1.7%
Balsz Elementary District	15,553,100	585,600	0	(171,100)	335,500	(192,200)	154,800	15,200	727,800	4.7%
Beaver Creek Elementary District	3,975,900	0	(88,400)	(27,500)	53,900	(87,900)	28,900	0	(121,000)	-3.0%
Benson Unified School District	9,515,600	90,100	0	(100,900)	197,900	(104,800)	163,400	0	245,700	2.6%
Bicentennial Union High School District	1,802,900	0	0	(13,800)	27,000	(180,100)	118,300	0	(48,600)	-2.7%
Bisbee Unified District	4,344,900	0	0	(43,800)	86,000	(214,500)	76,200	0	(96,100)	-2.2%
Blue Elementary District	125,900	0	(5,300)	(500)	1,100	(73,600)	0	2,000	(76,300)	-60.6%
Blue Ridge Unified District	13,193,000	0	(665,600)	(132,800)	260,300	(90,000)	226,200	0	(401,900)	-3.0%
Bonita Elementary District	1,222,200	0	(104,700)	(10,700)	20,900	(26,600)	47,100	0	(74,000)	-6.1%
Bouse Elementary District	512,500	0	0	(5,200)	10,200	(33,400)	7,400	0	(21,000)	-4.1%
Bowie Unified District	794,300	0	(9,900)	(5,600)	10,900	(136,900)	43,500	0	(98,000)	-12.3%
Buckeye Elementary District	38,870,700	123,000	0	(436,100)	855,200	(2,600)	300,500	457,700	1,297,700	3.3%
Buckeye Union High School District	37,368,800	(450,800)	0	(387,400)	759,600	(305,400)	884,300	0	500,300	1.3%
Bullhead City School District	16,936,800	204,200	0	(183,000)	358,900	0	321,300	0	701,400	4.1%
Camp Verde Unified District	11,573,700	0	(81,900)	(120,300)	235,900	(244,400)	186,000	0	(24,700)	-0.2%
Canon Elementary District	1,506,000	57,200	(2,800)	(11,000)	21,600	(217,000)	37,400	0	(114,600)	-7.6%
Cartwright Elementary District	93,171,100	1,498,800	0	(1,055,300)	2,069,300	(579,500)	244,000	3,580,100	5,757,400	6.2%
Casa Grande Elementary District	45,303,900	(65,600)	0	(484,600)	950,200	(373,200)	869,300	0	896,100	2.0%
Casa Grande Union High School District	32,945,700	0	(936,500)	(319,400)	626,300	(1,129,500)	798,800	0	(960,300)	-2.9%
Catalina Foothills Unified District	33,828,300	393,600	0	(372,600)	730,700	(276,200)	259,700	521,800	1,257,000	3.7%
Cave Creek Unified District	34,485,900	473,500	(358,300)	(362,500)	710,900	0	706,000	0	1,169,600	3.4%
Cedar Unified District	2,056,500	0	(32,500)	(9,600)	18,700	(918,500)	72,100	0	(869,800)	-42.3%
Central Arizona Valley Institute of Technology	5,488,700	0	0	(61,900)	121,400	0	0	0	59,500	1.1%
Chandler Unified District	304,569,900	2,814,000	(4,692,700)	(3,329,500)	6,528,800	(231,000)	2,604,500	2,760,600	6,454,700	2.1%
Chevelon Butte School District	546,900	0	0	0	2,900	(215,500)	55,400	0	(157,200)	-28.7%
Chinle Unified District	20,858,300	82,200	(100,000)	(192,800)	378,100	(548,500)	949,000	0	568,000	2.7%
Chino Valley Unified District	17,735,200	21,200	(467,500)	(183,200)	359,300	(487,400)	228,800	0	(528,800)	-3.0%
Clarkdale-Jerome Elementary District	3,214,800	0	(77,800)	(33,900)	66,600	(75,500)	25,000	31,600	(64,000)	-2.0%
Cobre Valley Institute of Technology District	1,399,100	0	0	0	31,200	0	0	0	31,200	2.2%
Cochise County Accommodation School District	2,177,200	0	0	0	48,500	0	0	98,700	147,200	6.8%
Cochise Elementary District	891,900	0	(30,100)	(7,000)	13,700	(161,800)	20,800	0	(164,400)	-18.4%
Cochise Technology District	4,663,900	0	0	0	103,200	0	0	0	103,200	2.2%
Coconino Association for Vocation Industry and Technology	2,882,600	0	0	0	64,100	0	0	0	64,100	2.2%
Coconino County Regional Accommodation SD	3,065,600	0	(6,100)	(9,100)	17,900	(631,000)	469,300	0	(159,000)	-5.2%
Colorado City Unified District	5,454,700	(5,900)	0	(59,500)	116,800	(159,300)	32,400	66,500	(9,000)	-0.2%
Colorado River Union High School District	14,204,500	0	0	(149,800)	293,700	(358,300)	191,500	0	(22,900)	-0.2%
Concho Elementary District	3,212,500	0	0	(14,000)	27,400	(538,900)	294,400	0	(231,100)	-7.2%
Congress Elementary District	1,085,500	8,400	(66,400)	(8,000)	15,700	(78,600)	34,000	0	(94,900)	-8.7%
Continental Elementary District	6,134,600	0	(9,200)	(45,400)	89,100	(40,500)	102,800	0	96,800	1.6%
Coolidge Unified District	17,913,900	0	(141,400)	(171,200)	335,600	(1,803,100)	272,700	0	(1,507,400)	-8.4%
Cottonwood-Oak Creek Elementary District	12,346,200	0	(137,300)	(131,400)	257,700	(141,700)	189,600	0	36,900	0.3%
Crane Elementary District	38,591,400	(866,900)	0	(433,400)	849,900	(229,400)	206,700	958,500	485,400	1.3%
Creighton Elementary District	34,163,900	0	0	(379,500)	744,100	(720,500)	141,400	1,021,600	807,100	2.4%
Crown King Elementary District	49,700	0	(3,300)	0	1,100	0	0	2,000	(200)	-0.4%
Deer Valley Unified District	220,942,200	4,060,600	(177,000)	(2,427,800)	4,760,600	(2,488,400)	1,802,200	2,570,800	8,101,000	3.7%
Double Adobe Elementary District	443,000	0	(20,100)	(3,000)	5,800	(9,200)	16,900	0	(9,600)	-2.2%
Douglas Unified District	25,200,900	587,000	0	(281,300)	551,600	(272,600)	81,800	878,700	1,545,200	6.1%
Duncan Unified District	3,138,800	0	0	(30,100)	58,900	(283,200)	62,800	0	(191,600)	-6.1%
Dysart Unified District	165,818,500	1,447,000	0	(1,826,500)	3,581,500	(1,349,200)	1,617,500	358,000	3,828,300	2.3%
Eagle Elementary District	49,800	0	0	0	0	(49,800)	0	0	(49,800)	-100.0%
East Valley Institute of Technology	55,412,300	0	0	(625,300)	1,226,200	0	0	0	600,900	1.1%
Elfrida Elementary District	819,700	0	0	(8,000)	15,700	(40,000)	19,700	0	(12,600)	-1.5%
Eloy Elementary District	4,999,800	0	0	(53,700)	105,400	(48,800)	79,500	0	82,400	1.6%
Empire Elementary District	143,600	0	0	0	2,600	(30,200)	0	5,300	(22,300)	-15.5%
Flagstaff Unified District	64,691,600	179,900	0	(673,600)	1,320,800	(1,370,700)	1,302,300	0	758,700	1.2%
Florence Unified School District	72,917,700	0	0	(771,400)	1,512,600	0	1,721,800	0	2,463,000	3.4%
Flowing Wells Unified District	34,583,000	510,100	0	(386,700)	758,300	(287,600)	154,100	976,900	1,725,100	5.0%
Fort Huachuca Accommodation District	5,785,700	129,600	(158,500)	(61,900)	121,400	(151,200)	18,200	192,000	89,600	1.5%
Fountain Hills Unified District	9,133,100	110,300	(21,200)	(93,300)	182,900	(346,300)	152,100	0	(15,500)	-0.2%
Fowler Elementary District	24,212,600	402,000	0	(269,100)	527,600	(76,200)	213,700	218,600	1,016,600	4.2%
Fredonia-Moccasin Unified District	1,697,600	44,500	(9,300)	(17,900)	35,100	(58,600)	21,300	0	15,100	0.9%
Ft Thomas Unified District	4,861,400	45,100	0	(50,300)	98,700	(62,600)	106,000	0	136,900	2.8%
Gadsden Elementary District	32,558,300	903,200	0	(361,000)	707,900	(85,300)	317,400	144,900	1,627,100	5.0%
Ganado Unified School District	10,798,200	0	0	(82,000)	160,900	(1,712,200)	522,000	0	(1,111,300)	-10.3%
Gila Bend Unified District	3,610,100	0	0	(37,500)	73,500	(167,700)	47,400	0	(84,300)	-2.3%
Gila County Regional School District	118,400	0	0	0	0	(118,400)	0	0	(118,400)	-100.0%
Gila Institute for Technology	2,387,900	0	0	(26,900)	52,700	0	0	0	25,800	1.1%
Gilbert Unified District	239,694,500	2,677,300	(4,126,400)	(2,599,100)	5,096,600	(1,624,700)	2,244,700	855,800	2,524,200	1.1%
Glendale Elementary District	64,986,100	1,154,900	0	(731,500)	1,434,400	(284,700)	274,400	1,899,800	3,747,300	5.8%
Glendale Union High School District	125,107,300	4,623,900	(2,888,100)	(1,360,900)	2,668,600	(263,400)	703,700	2,383,800	5,867,600	4.7%
Globe Unified District	11,089,100	0	0	(113,700)	223,000	(388,800)	204,000	0	(75,500)	-0.7%
Grand Canyon Unified District	2,354,800	(6,100)	0	(24,500)	48,000	(66,500)	42,000	0	(7,100)	-0.3%
Hackberry School District	717,100	(1,500)	(16,700)	(4,800)	9,500	(137,000)	9,500	0	(141,000)	-19.7%
Hayden-Winkelman Unified District	2,659,800	0	(112,000)	(22,700)	44,600	(383,400)	44,800	0	(428,700)	-16.1%
Heber-Overgaard Unified District	4,268,400	26,600	(50,400)	(42,600)	83,600	(207,300)	76,500	0	(113,600)	-2.7%
Higley Unified School District	93,817,000	1,346,500	0	(1,048,100)	2,055,200	(299,300)	702,300	1,134,200	3,890,800	4.1%
Hillside Elementary District	146,400	0	(2,800)	(300)	600	(72,500)	0	1,200	(73,800)	-50.4%
Holbrook Unified District	15,131,000	9,300	(339,300)	(131,700)	258,300	(431,000)	829,300	0	194,900	1.3%
Humboldt Unified District	38,800,200	111,200	0	(412,800)	809,400	(406,600)	697,400	0	798,600	2.1%
Hyder Elementary District	1,166,000	20,400	(62,500)	(8,700)	17,100	(38,100)	85,000	0	13,200	1.1%
Indian Oasis-Baboquivari Unified District	8,881,800	0	0	(79,600)	156,100	(238,100)	481,600	0	320,000	3.6%
Isaac Elementary District	32,951,700	569,000	0	(371,600)	728,600	(360,700)	107,300	1,119,700	1,792,300	5.4%
J O Combs Unified School District	31,531,500	61,600	0	(341,900)	670,400	(352,400)	383,800	0	421,500	1.3%
Joseph City Unified District	4,608,000	30,000	0	(37,300)	73,100	(937,200)	114,600	0	(756,800)	-16.4%
Kayenta Unified District	13,196,900	0	(375,300)	(119,400)	234,200	(275,500)	606,300	0	70,300	0.5%
Kingman Unified School District	52,324,300	104,900	0	(538,900)	1,056,800	(790,800)	1,322,900	0	1,154,900	2.2%
Kirkland Elementary District	860,600	11,100	0	(6,900)	13,500	0	52,900	0	70,600	8.2%
Klondyke Elementary District	49,900	0	0	0	0	(49,900)	0	0	(49,900)	-100.0%
Kyrene Elementary District	101,044,600	161,400	(523,900)	(1,096,200)	2,149,600	(1,123,400)	1,214,000	0	781,500	0.8%
Lake Havasu Unified District	35,802,500	31,300	0	(399,500)	783,500	(222,800)	199,000	839,000	1,230,500	3.4%
Laveen Elementary District	47,582,300	532,500	0	(535,500)	1,050,000	(123,900)	260,500	1,179,700	2,363,300	5.0%
Liberty Elementary District	29,300,100	0	(202,800)	(317,000)	621,600	(144,100)	364,800	0	322,500	1.1%
Litchfield Elementary District	69,347,700	636,000	0	(767,200)	1,504,400	0	827,900	0	2,201,100	3.2%
Littlefield Unified District	3,124,400	0	0	(32,600)	64,000	(71,900)	52,500	0	12,000	0.4%
Littleton Elementary District	36,108,900	1,105,800	0	(408,000)	800,000	0	189,400	941,800	2,629,000	7.3%
Madison Elementary District	35,410,800	(49,000)	0	(395,400)	775,400	(537,500)	124,400	1,229,500	1,147,400	3.2%
Maine Consolidated School District	1,420,300	46,200	(73,800)	(10,300)	20,100	(116,700)	46,500	0	(88,000)	-6.2%
Mammoth-San Manuel Unified District	4,537,700	0	(50,300)	(43,100)	84,500	(364,700)	94,500	0	(279,100)	-6.2%
Marana Unified District	93,031,600	66,000	(887,500)	(969,600)	1,901,400	(629,500)	2,066,700	0	1,547,500	1.7%
Maricopa County Regional District	2,453,600	23,200	0	(12,400)	24,300	(1,277,500)	17,500	0	(1,224,900)	-49.9%
Maricopa Unified School District	59,699,500	(244,300)	(236,200)	(648,100)	1,270,800	(256,000)	800,000	0	686,200	1.1%
Mary C O'Brien Accommodation District	2,220,500	2,800	(64,300)	(17,700)	34,800	(148,900)	126,600	0	(66,700)	-3.0%
Mayer Unified School District	4,873,700	(13,200)	(188,000)	(45,700)	89,600	(202,000)	138,700	0	(220,600)	-4.5%
Mcnary Elementary District	1,161,100	0	(9,800)	(9,700)	19,100	(31,500)	6,900	8,000	(17,000)	-1.5%
McNeal Elementary District	721,400	11,000	(41,700)	(4,200)	8,300	(62,700)	30,000	0	(59,300)	-8.2%
Mesa Unified District	421,701,300	1,691,500	(4,330,100)	(4,569,100)	8,959,400	(2,793,500)	5,104,200	0	4,062,400	1.0%
Miami Unified District	10,783,300	0	(336,500)	(113,500)	222,600	(263,300)	52,900	265,300	(172,500)	-1.6%
Mingus Union High School District	8,842,000	0	0	(96,500)	189,300	(19,600)	78,500	62,000	213,700	2.4%
Mobile Elementary District	340,600	(10,100)	(300)	(1,900)	3,800	(121,700)	14,500	0	(115,700)	-34.0%
Mohave Valley Elementary District	8,280,600	53,500	(18,600)	(85,000)	166,600	(167,900)	203,000	0	151,600	1.8%
Mohawk Valley Elementary District	1,517,300	(29,300)	0	(14,800)	29,100	(102,800)	33,800	0	(84,000)	-5.5%
Morenci Unified District	9,457,300	121,000	(177,000)	(101,200)	198,400	(104,000)	89,400	35,600	62,200	0.7%
Morristown Elementary District	1,373,700	0	(12,500)	(11,200)	22,000	(113,000)	38,100	0	(76,600)	-5.6%
Mountain Institute Joint Technology Education District	3,407,400	0	(93,600)	(36,900)	72,400	0	0	0	(58,100)	-1.7%
Murphy Elementary District	8,002,600	0	0	(87,400)	171,300	(180,800)	54,900	147,800	105,800	1.3%
Naco Elementary District	3,411,600	0	0	(23,900)	46,800	(47,200)	6,900	64,900	47,500	1.4%
Nadaburg Unified School District	7,643,500	139,300	0	(58,800)	115,400	(458,900)	198,300	0	(64,700)	-0.8%
Nogales Unified District	36,381,000	(220,500)	(951,200)	(392,700)	770,100	(312,200)	209,300	821,200	(76,000)	-0.2%
Northeast Arizona Technological Institute of Vocational Education	2,553,600	0	0	0	57,100	0	0	0	57,100	2.2%
Northern Arizona Vocational Institute of Technology	5,213,200	0	0	0	116,800	0	0	0	116,800	2.2%
Oracle Elementary District	5,466,100	0	(147,000)	(30,900)	60,500	(177,000)	149,800	0	(144,600)	-2.6%
Osborn Elementary District	17,108,100	(114,500)	0	(188,800)	370,200	(428,500)	80,900	452,300	171,600	1.0%
Owens-Whitney Elementary District	394,400	(5,800)	0	(1,600)	3,100	(130,400)	9,900	0	(124,800)	-31.6%
Page Unified District	17,295,300	0	0	(175,300)	343,700	(287,200)	472,500	0	353,700	2.0%
Palo Verde Elementary District	3,762,800	9,200	(170,400)	(37,600)	73,600	(96,400)	65,100	0	(156,500)	-4.2%
Paloma School District	914,800	0	(28,700)	(8,700)	17,100	(23,400)	15,200	0	(28,500)	-3.1%
Palominas Elementary District	9,967,300	0	0	(59,100)	115,900	(1,343,200)	248,700	0	(1,037,700)	-10.4%
Paradise Valley Unified District	207,201,500	189,800	(1,522,800)	(2,265,000)	4,441,400	(1,587,600)	2,072,000	26,100	1,353,900	0.7%
Parker Unified School District	12,855,700	(73,500)	(46,600)	(133,900)	262,500	(390,700)	205,900	0	(176,300)	-1.4%
Patagonia Elementary District	1,075,800	0	(10,600)	(7,900)	15,400	(212,200)	44,000	0	(171,300)	-15.9%
Patagonia Union High School District	1,172,100	(18,900)	(700)	(6,500)	12,800	(315,700)	78,900	0	(250,100)	-21.3%
Payson Unified District	16,739,900	231,600	(733,900)	(170,900)	335,200	(222,500)	234,800	0	(325,700)	-1.9%
Peach Springs Unified District	1,287,400	0	0	(11,200)	21,900	(284,700)	0	41,600	(232,400)	-18.1%
Pearce Elementary District	1,267,600	(22,200)	(6,400)	(11,900)	23,300	(131,400)	19,700	0	(128,900)	-10.2%
Pendergast Elementary District	52,176,400	730,600	0	(584,800)	1,146,700	(473,900)	251,700	1,439,200	2,509,500	4.8%
Peoria Unified School District	253,059,000	3,443,900	(3,293,000)	(2,765,600)	5,423,000	(900,700)	2,242,100	1,808,300	5,958,000	2.4%
Phoenix Elementary District	33,760,700	226,500	0	(373,100)	731,600	(495,400)	243,800	547,700	881,100	2.6%
Phoenix Union High School District	215,121,100	325,600	(6,019,700)	(2,272,700)	4,456,400	(3,045,200)	1,631,300	1,413,800	(3,510,500)	-1.6%
Picacho Elementary District	1,357,700	0	(25,700)	(13,000)	25,400	(88,000)	33,000	0	(68,300)	-5.0%
Pima Accommodation District	1,048,400	0	(67,800)	(10,500)	20,600	(7,000)	0	36,500	(28,200)	-2.7%
Pima County JTED	31,277,800	0	0	(353,000)	692,200	0	0	0	339,200	1.1%
Pima Unified District	8,004,700	0	0	(88,800)	174,100	(177,700)	23,500	246,200	177,300	2.2%
Pine Strawberry Elementary District	1,492,100	48,100	(37,500)	(8,300)	16,400	(169,400)	26,800	0	(123,900)	-8.3%
Pinon Unified District	7,799,600	0	0	(73,000)	143,100	(229,700)	339,000	0	179,400	2.3%
Pomerene Elementary District	1,148,600	0	(52,300)	(9,700)	19,000	(33,700)	6,100	9,500	(61,100)	-5.3%
Prescott Unified District	25,767,200	(102,200)	(103,100)	(276,700)	542,600	(417,000)	309,400	0	(47,000)	-0.2%
Quartzsite Elementary District	1,470,000	0	0	(12,200)	23,900	(196,500)	54,200	0	(130,600)	-8.9%
Queen Creek Unified District	84,810,100	277,700	(15,200)	(938,900)	1,841,000	(371,900)	660,400	980,200	2,433,300	2.9%
Rainbow Accommodation School	685,900	0	(10,900)	(1,400)	2,700	(433,900)	35,300	0	(408,200)	-59.5%
Ray Unified District	3,461,100	0	(176,100)	(32,000)	62,700	(223,800)	73,700	0	(295,500)	-8.5%
Red Mesa Unified District	5,362,600	0	(185,900)	(38,800)	76,100	(756,900)	292,800	0	(612,700)	-11.4%
Red Rock Elementary District	3,520,400	0	(30,300)	(37,800)	74,100	(147,600)	14,700	71,300	(55,600)	-1.6%
Redington Elementary District	123,000	0	0	0	700	(63,000)	0	1,500	(60,800)	-49.4%
Riverside Elementary District	5,543,800	5,100	0	(60,300)	118,200	(111,900)	50,100	37,900	39,100	0.7%
Roosevelt Elementary District	48,625,700	308,700	0	(537,000)	1,052,900	(652,100)	391,000	577,200	1,140,700	2.3%
Round Valley Unified District	10,233,700	85,100	(224,500)	(104,200)	204,300	(380,200)	142,800	0	(276,700)	-2.7%
Sacaton Elementary District	4,557,200	0	(188,700)	(43,300)	84,900	(137,600)	135,200	0	(149,500)	-3.3%
Saddle Mountain Unified School District	21,547,600	218,400	0	(232,100)	455,100	(190,200)	310,500	0	561,700	2.6%
Safford Unified District	19,426,900	30,200	(335,100)	(213,200)	418,100	(86,200)	109,900	416,800	340,500	1.8%
Sahuarita Unified District	41,148,900	521,400	0	(439,800)	862,300	(543,700)	599,600	0	999,800	2.4%
Salome Consolidated Elementary District	861,500	0	(10,900)	(8,300)	16,200	(46,800)	19,600	0	(30,200)	-3.5%
San Carlos Unified District	10,560,100	0	(285,800)	(103,200)	202,300	(518,800)	204,000	0	(501,500)	-4.7%
San Fernando Elementary District	434,400	0	(3,400)	(2,100)	4,100	(242,700)	2,600	0	(241,500)	-55.6%
San Simon Unified District	1,227,100	0	(45,600)	(10,700)	20,900	(45,500)	56,800	0	(24,100)	-2.0%
Sanders Unified District	6,153,400	0	(4,300)	(52,800)	103,500	(504,800)	297,800	0	(160,600)	-2.6%
Santa Cruz Elementary District	2,606,000	(74,700)	(117,200)	(14,400)	28,200	(365,400)	50,100	0	(493,400)	-18.9%
Santa Cruz Valley Unified District	25,493,600	108,800	(389,700)	(267,300)	524,100	(233,800)	433,300	0	175,400	0.7%
Santa Cruz Valley Union High School District	3,194,700	0	0	(28,400)	55,700	(454,900)	59,200	0	(368,400)	-11.5%
Scottsdale Unified District	149,708,700	1,421,500	(3,381,000)	(1,581,000)	3,100,200	(3,368,500)	1,368,000	791,300	(1,649,500)	-1.1%
Sedona-Oak Creek JUSD #9	5,684,000	0	0	(59,500)	116,700	(176,300)	79,900	0	(39,200)	-0.7%
Seligman Unified District	2,043,900	0	(11,200)	(13,200)	25,800	(531,800)	99,400	0	(431,000)	-21.1%
Sentinel Elementary District	545,400	(900)	(19,300)	(2,700)	5,200	(25,900)	68,400	0	24,800	4.5%
Show Low Unified District	17,886,600	2,500	(305,000)	(187,300)	367,300	(264,700)	283,700	0	(103,500)	-0.6%
Sierra Vista Unified District	32,855,700	(76,700)	(28,100)	(347,200)	680,700	(687,600)	508,100	0	49,200	0.1%
Skull Valley Elementary District	458,100	0	0	(3,600)	7,000	(52,800)	15,000	0	(34,400)	-7.5%
Snowflake Unified District	18,219,300	675,000	0	(196,000)	384,300	(273,800)	209,300	0	798,800	4.4%
Solomon Elementary District	1,824,000	(62,000)	(33,900)	(13,400)	26,200	(100,500)	31,700	0	(151,900)	-8.3%
Somerton Elementary District	19,248,800	376,400	(105,700)	(213,800)	419,300	(206,500)	113,500	392,400	775,600	4.0%
Sonoita Elementary District	1,327,500	0	0	(9,000)	17,600	(345,400)	53,700	0	(283,100)	-21.3%
Southwest Technical Education District of Yuma	8,419,200	0	0	0	188,700	0	0	0	188,700	2.2%
St David Unified District	3,133,500	49,300	0	(33,300)	65,300	(3,900)	52,900	0	130,300	4.2%
St Johns Unified District	7,290,200	62,300	(102,900)	(69,400)	136,100	(478,000)	175,400	0	(276,500)	-3.8%
Stanfield Elementary District	3,836,300	0	(105,600)	(33,000)	64,700	(475,500)	103,600	0	(445,800)	-11.6%
Sunnyside Unified District	97,145,200	(147,500)	(845,300)	(1,064,900)	2,088,100	(365,900)	842,300	911,700	1,418,500	1.5%
Superior Unified School District	2,947,000	0	0	(31,000)	60,800	(128,200)	27,300	0	(71,100)	-2.4%
Tanque Verde Unified District	15,122,900	373,800	(489,400)	(160,300)	314,200	(130,500)	134,200	120,000	162,000	1.1%
Tempe School District	72,663,000	877,600	0	(806,600)	1,581,600	(356,300)	692,900	359,100	2,348,300	3.2%
Tempe Union High School District	95,247,300	1,297,500	(3,259,500)	(1,006,000)	1,972,600	(634,000)	780,400	790,500	(58,500)	-0.1%
Thatcher Unified District	12,668,000	246,600	(66,200)	(141,000)	276,500	(36,400)	68,800	297,800	646,100	5.1%
Tolleson Elementary District	17,954,900	(27,200)	(88,600)	(202,600)	397,200	(94,600)	46,200	669,400	699,800	3.9%
Tolleson Union High School District	95,495,900	1,904,700	0	(1,039,300)	2,037,900	(173,000)	1,029,000	0	3,759,300	3.9%
Toltec Elementary District	6,657,500	0	0	(71,300)	139,800	(84,100)	92,000	0	76,400	1.1%
Tombstone Unified District	7,046,200	53,900	0	(67,700)	132,800	(138,700)	281,000	0	261,300	3.7%
Tonto Basin Elementary District	1,006,700	(300)	(47,200)	(7,000)	13,800	(15,700)	40,700	0	(15,700)	-1.6%
Topock Elementary District	1,072,900	0	(37,800)	(10,100)	19,800	(78,900)	19,100	0	(87,900)	-8.2%
Tuba City Unified District	13,394,200	0	(376,600)	(115,400)	226,200	(1,514,000)	395,800	0	(1,384,000)	-10.3%
Tucson Unified District	294,355,600	451,100	(2,452,900)	(3,121,900)	6,121,800	(3,569,400)	4,433,000	0	1,861,700	0.6%
Union Elementary District	11,541,900	0	0	(129,800)	254,400	(108,600)	48,500	332,800	397,300	3.4%
Vail Unified District	99,624,700	1,120,200	0	(1,079,700)	2,117,100	(391,000)	1,507,300	0	3,273,900	3.3%
Valentine Elementary District	788,000	0	(41,500)	(7,100)	14,000	(10,100)	20,600	0	(24,100)	-3.1%
Valley Academy for Career and Technology Education	1,861,400	0	0	0	41,300	0	0	0	41,300	2.2%
Valley Union High School District	1,158,100	0	(29,200)	(9,000)	17,600	(175,300)	49,100	0	(146,800)	-12.7%
Vernon Elementary District	1,783,700	29,000	0	(9,300)	18,200	(343,900)	103,300	0	(202,700)	-11.4%
Washington Elementary School District	137,767,500	1,741,300	0	(1,526,600)	2,993,600	(1,423,100)	1,215,100	919,800	3,920,100	2.8%
Wellton Elementary District	1,381,800	0	0	(13,000)	25,400	(155,700)	24,100	0	(119,200)	-8.6%
Wenden Elementary District	795,100	0	(38,000)	(7,400)	14,600	(80,700)	5,500	900	(105,100)	-13.2%
Western Arizona Vocational District #50	5,162,400	0	(335,400)	(54,300)	106,400	0	0	0	(283,300)	-5.5%
West-MEC - Western Maricopa Education Center	54,033,500	0	0	(607,300)	1,190,900	0	0	0	583,600	1.1%
Whiteriver Unified District	15,585,500	0	0	(163,800)	321,100	(164,900)	298,100	0	290,500	1.9%
Wickenburg Unified District	9,753,100	(39,700)	(65,000)	(97,900)	192,000	(45,600)	294,800	0	238,600	2.4%
Willcox Unified District	7,994,200	123,400	0	(83,600)	164,000	(35,000)	183,900	0	352,700	4.4%
Williams Unified District	5,686,700	79,500	0	(57,400)	112,500	(367,600)	83,900	0	(149,100)	-2.6%
Williamson Valley Elementary School District	372,800	0	0	0	5,100	(67,900)	8,800	0	(54,000)	-14.5%
Wilson Elementary District	6,928,300	0	(26,500)	(76,100)	149,200	(32,800)	66,300	37,400	117,500	1.7%
Window Rock Unified District	14,455,600	(100,800)	(747,300)	(124,000)	243,200	(1,947,500)	255,300	0	(2,421,100)	-16.7%
Winslow Unified District	12,596,800	45,200	0	(132,800)	260,500	(247,600)	203,300	0	128,600	1.0%
Yarnell Elementary District	545,900	0	(8,500)	(3,800)	7,500	(94,700)	7,800	0	(91,700)	-16.8%
Yavapai Accommodation School District	1,167,200	0	(7,800)	(4,300)	8,400	(84,300)	199,900	0	111,900	9.6%
Young Elementary District	598,700	0	(22,500)	(5,000)	9,800	(123,700)	5,300	0	(136,100)	-22.7%
Yucca Elementary District	370,400	(10,600)	(400)	(3,100)	6,000	(26,600)	0	12,400	(22,300)	-6.0%
Yuma Elementary District	60,395,600	(651,100)	0	(644,500)	1,263,900	(346,500)	1,208,800	0	830,600	1.4%
Yuma Union High School District	83,149,000	0	0	(890,500)	1,746,100	(526,000)	1,217,400	0	1,547,000	1.9%
	6,522,469,100	47,150,000	(53,794,800)	(69,571,800)	137,084,700	(81,234,200)	77,184,800	43,671,000	100,489,700	1.5%

Table 3                                                         Estimated Impact of School Finance Revisions by Charter School
Charter Name	FY 2023 Equalization Base (Baseline)	Achievement Weights	Additional 2.5% Base Level Increase	Total	Funding Change Relative to Baseline
A+ Charter Schools	2,516,700	0	48,100	48,100	1.9%
AAEC - Paradise Valley	2,707,000	72,100	48,200	120,300	4.4%
AAEC - SMCC Campus	3,954,000	7,300	69,600	76,900	1.9%
Academy Adventures Midtown	290,000	0	5,300	5,300	1.8%
Academy Del Sol	5,197,800	8,400	94,300	102,700	2.0%
Academy of Building Industries	1,146,400	40,700	22,000	62,700	5.5%
Academy of Math and Science	6,628,100	24,100	120,900	145,000	2.2%
Academy of Math and Science Camelback	7,755,200	0	140,900	140,900	1.8%
Academy of Math and Science Desert Sky	42,173,900	(125,200)	770,900	645,700	1.5%
Academy of Tucson Middle School	4,718,000	79,600	88,400	168,000	3.6%
Academy with Community Partners	1,309,600	(49,300)	24,200	(25,100)	-1.9%
Accelerated Learning Center	1,457,800	36,900	27,200	64,100	4.4%
Accelerated Learning Laboratory	2,099,500	26,100	39,500	65,600	3.1%
ACCLAIM Academy	2,364,300	0	44,700	44,700	1.9%
Acorn Montessori Charter School	3,470,600	35,800	65,800	101,600	2.9%
Adventure School	921,500	30,400	17,400	47,800	5.2%
AIM Higher College Prep Academy	594,000	0	11,100	11,100	1.9%
Akimel O Otham Pee Posh Charter School, Inc.	149,200	0	2,600	2,600	1.7%
Akimel O'Otham Pee Posh (3-5)	72,500	0	1,400	1,400	1.9%
All Aboard Charter School	779,200	(800)	14,800	14,000	1.8%
Alta Vista High School	3,937,600	246,000	69,800	315,800	8.0%
Alternative Computerized Education (ACE) Charter High School	4,401,400	235,100	78,700	313,800	7.1%
AMCS at Anthem dba Caurus Academy	4,187,300	0	79,600	79,600	1.9%
American Charter Schools Foundation dba Ridgeview College Preparatory High Schoo	1,157,500	0	21,000	21,000	1.8%
American Heritage Academy - Camp Verde	2,388,900	0	44,000	44,000	1.8%
American Leadership Academy Anthem South Campus	85,576,800	178,700	1,565,700	1,744,400	2.0%
AmeriSchools Academy - Country Club	4,431,800	65,000	81,200	146,200	3.3%
Apache Trail High School	1,827,100	61,400	32,600	94,000	5.1%
ARCHES Academy	498,800	0	9,100	9,100	1.8%
Arizona Agribusiness & Equine Center - Estrella	3,778,400	107,900	66,800	174,700	4.6%
Arizona Agribusiness & Equine Center, Inc. - Mesa	1,411,400	0	25,100	25,100	1.8%
Arizona Agribusiness & Equine Center, Inc. - Prescott Valley	2,807,400	69,800	50,200	120,000	4.3%
Arizona Autism Charter School	16,366,000	0	378,200	378,200	2.3%
Arizona Charter Academy	7,573,000	(17,400)	140,900	123,500	1.6%
Arizona Collegiate High School	1,418,700	55,100	26,100	81,200	5.7%
Arizona Connections Academy	22,997,000	0	417,100	417,100	1.8%
Arizona Conservatory for Arts and Academics Elementary School	1,788,900	(53,700)	32,700	(21,000)	-1.2%
Arizona Conservatory for Arts and Academics Middle School	2,862,600	(41,200)	51,600	10,400	0.4%
Arizona Insight Academy	38,440,000	0	711,300	711,300	1.9%
Arizona Language Preparatory	560,000	(15,100)	10,200	(4,900)	-0.9%
Arizona Preparatory Academy	12,244,400	0	216,600	216,600	1.8%
Arizona School For The Arts	7,305,400	(12,600)	135,100	122,500	1.7%
Arts Academy at Estrella Mountain	6,947,400	0	126,500	126,500	1.8%
ASU Preparatory Academy	350,200	0	6,400	6,400	1.8%
ASU Preparatory Academy - Casa Grande HS	1,599,700	0	28,300	28,300	1.8%
ASU Preparatory Academy - Phoenix Middle School	3,006,900	0	54,100	54,100	1.8%
ASU Preparatory Academy - South Phoenix High School	1,483,900	0	26,600	26,600	1.8%
ASU Preparatory Academy - South Phoenix Intermediate	900,700	0	16,100	16,100	1.8%
ASU Preparatory Academy Digital	28,059,700	0	500,500	500,500	1.8%
ASU Preparatory Academy- Phoenix Elementary	2,924,500	0	53,100	53,100	1.8%
ASU Preparatory Academy- Phoenix High School	2,818,000	149,000	49,900	198,900	7.1%
ASU Preparatory Academy-Polytechnic Elementary	3,340,000	1,000	60,900	61,900	1.9%
ASU Preparatory Academy-Polytechnic High School	3,718,700	(8,300)	67,800	59,500	1.6%
ASU Preparatory Academy-Polytechnic Middle School	2,317,700	7,700	42,600	50,300	2.2%
Avalon Elementary	2,598,500	0	49,300	49,300	1.9%
AZ Compass Prep School	2,151,800	103,100	39,500	142,600	6.6%
AZTEC High School	709,700	0	12,800	12,800	1.8%
Ball Charter Schools (Val Vista)	3,570,100	0	68,800	68,800	1.9%
BASIS Ahwatukee	5,426,000	4,200	96,500	100,700	1.9%
BASIS Chandler	8,854,700	(11,100)	158,300	147,200	1.7%
BASIS Chandler Primary - North Campus	4,390,700	(4,300)	80,700	76,400	1.7%
BASIS Chandler Primary- South Campus	3,497,900	(3,900)	64,400	60,500	1.7%
BASIS Flagstaff	5,817,600	9,300	104,800	114,100	2.0%
BASIS Goodyear	2,046,600	(1,400)	36,500	35,100	1.7%
BASIS Goodyear Primary	5,115,800	(19,400)	93,700	74,300	1.5%
BASIS Mesa	6,341,400	(7,800)	116,700	108,900	1.7%
BASIS Oro Valley	4,381,900	3,800	77,900	81,700	1.9%
BASIS Oro Valley Primary	4,734,800	2,300	86,100	88,400	1.9%
BASIS Peoria	7,038,900	(600)	125,300	124,700	1.8%
BASIS Peoria Primary	4,614,600	(6,900)	84,000	77,100	1.7%
BASIS Phoenix	5,552,000	(1,000)	98,400	97,400	1.8%
BASIS Phoenix Central Primary	3,237,000	6,200	59,800	66,000	2.0%
BASIS Phoenix Primary	5,166,200	(163,000)	93,800	(69,200)	-1.3%
BASIS Phoenix South Primary	3,074,000	(162,800)	56,500	(106,300)	-3.5%
BASIS Prescott	4,632,500	11,800	84,300	96,100	2.1%
BASIS Scottsdale	8,053,600	3,400	143,300	146,700	1.8%
BASIS Scottsdale Primary - East Campus	4,089,300	(122,000)	75,300	(46,700)	-1.1%
BASIS Scottsdale Primary - West Campus	2,957,100	(86,700)	54,600	(32,100)	-1.1%
BASIS Tucson North	5,714,600	1,800	102,100	103,900	1.8%
BASIS Tucson Primary	6,501,100	(4,800)	118,600	113,800	1.8%
Benchmark School	3,273,400	(2,100)	61,000	58,900	1.8%
Benjamin Franklin Charter School - Crismon	22,163,000	358,100	402,600	760,700	3.4%
Bennett Academy	1,506,100	(14,400)	28,200	13,800	0.9%
Bereran Academy	3,522,300	0	66,100	66,100	1.9%
Bright Beginnings School #1	2,419,000	(12,400)	46,200	33,800	1.4%
Burke Basic School	5,239,800	58,800	96,100	154,900	3.0%
Calibre Academy Surprise	3,602,800	177,700	66,800	244,500	6.8%
Cambridge Academy East	2,455,100	0	46,200	46,200	1.9%
Camelback Academy	4,368,300	85,700	81,000	166,700	3.8%
Candeo Peoria	4,073,200	1,800	73,300	75,100	1.8%
Candeo Schools, Inc.	2,343,100	0	42,100	42,100	1.8%
Canyon Rose Academy	2,648,600	126,200	48,900	175,100	6.6%
Carden of Tucson	447,000	0	8,300	8,300	1.9%
Career Success High School - Glendale	8,004,600	145,300	142,400	287,700	3.6%
CASA Academy	1,723,500	0	32,400	32,400	1.9%
Center for Academic Success #4	8,493,700	28,500	155,700	184,200	2.2%
Center for Educational Excellence	2,637,700	(11,600)	50,200	38,600	1.5%
Challenge Charter School	3,216,000	4,000	59,900	63,900	2.0%
Challenger Basic School	2,638,300	(6,400)	49,100	42,700	1.6%
Champion Schools	9,730,700	221,400	175,900	397,300	4.1%
Changemaker High School	426,400	0	7,700	7,700	1.8%
Children First Leadership Academy	913,800	0	16,900	16,900	1.8%
Children Reaching for the Sky Preparatory	1,154,000	0	21,600	21,600	1.9%
City View High School	998,000	0	18,300	18,300	1.8%
Co-Learn Club, Inc.	1,388,500	0	25,700	25,700	1.9%
Colegio Petite Arizona	1,975,900	0	36,700	36,700	1.9%
Compass High School	4,122,400	147,100	77,100	224,200	5.4%
Concordia Charter School	1,025,900	0	19,600	19,600	1.9%
Copper State Academy	148,200	0	2,700	2,700	1.8%
Cornerstone Charter School	1,694,200	84,000	31,200	115,200	6.8%
Country Gardens Charter School	3,602,400	(95,400)	68,700	(26,700)	-0.7%
Crestview College Preparatory High School	1,904,300	0	33,500	33,500	1.8%
Crown Charter School	2,830,900	0	53,300	53,300	1.9%
Crown Point High School	530,400	0	9,700	9,700	1.8%
Da Vinci Tree Academy	1,626,700	0	31,000	31,000	1.9%
Deer Valley Academy	145,300	0	2,400	2,400	1.7%
Desert Heights Charter School	7,200,700	0	132,000	132,000	1.8%
Desert Hills High School	2,436,000	0	44,000	44,000	1.8%
Desert Marigold School	2,757,500	0	53,400	53,400	1.9%
Desert Mirage Preparatory Academy	977,800	0	17,800	17,800	1.8%
Desert Rose Academy Charter School	1,480,900	71,600	27,300	98,900	6.7%
Desert Sky Community School	389,700	(1,300)	7,400	6,100	1.6%
Desert Star Academy	4,121,200	0	77,700	77,700	1.9%
Desert Star Community School	1,358,700	0	25,200	25,200	1.9%
Desert View Academy	6,804,100	331,000	125,000	456,000	6.7%
Desert View Middle & High School	1,415,700	(1,600)	26,500	24,900	1.8%
Destiny School	2,391,500	7,500	44,600	52,100	2.2%
Discovery Plus Academy	958,800	22,500	18,000	40,500	4.2%
Dobson Academy, The - A Ball Charter School	3,794,000	0	72,300	72,300	1.9%
EAGLE College Prep	3,545,100	0	65,000	65,000	1.8%
EAGLE College Prep Harmony	1,213,400	0	22,200	22,200	1.8%
EAGLE College Prep Maryvale	2,997,400	165,700	54,900	220,600	7.4%
EAGLE College Preparatory School- Mesa	1,299,800	(39,400)	23,700	(15,700)	-1.2%
East Valley High School	1,686,800	60,400	31,300	91,700	5.4%
Eastpointe High School	2,195,700	108,600	40,800	149,400	6.8%
Edge High School - Himmel Park	1,535,200	15,900	28,800	44,700	2.9%
Edison School of Innovation	2,096,300	0	39,800	39,800	1.9%
Edkey, Inc. - Pathfinder Academy - Sequoia Lehi	7,161,800	(20,300)	131,000	110,700	1.5%
Edkey, Inc. - Precision Learning Center	28,162,800	0	511,600	511,600	1.8%
EdOptions Preparatory Academy	3,695,900	0	66,800	66,800	1.8%
Educational Opportunity Center	1,142,000	0	21,200	21,200	1.9%
EduPreneurship Student Center (ESC) Phoenix	458,300	13,700	9,100	22,800	5.0%
EDUPRIZE SCHOOL Gilbert	25,301,400	724,600	465,400	1,190,000	4.7%
E-Institute at Metro	5,489,400	0	96,900	96,900	1.8%
Empower College Prep	8,099,500	346,600	149,600	496,200	6.1%
Envision High School	709,900	31,800	13,100	44,900	6.3%
Estrella High School	1,328,800	0	23,600	23,600	1.8%
Ethos Academy- A Challenge Foundation Academy	2,686,900	0	50,800	50,800	1.9%
Flagstaff Arts And Leadership Academy	2,794,500	0	53,300	53,300	1.9%
Flagstaff Junior Academy	2,333,200	0	43,700	43,700	1.9%
Franklin Phonetic Primary School	3,367,200	(164,200)	63,500	(100,700)	-3.0%
Franklin Phonetic Primary School-Sunnyslope	668,500	33,200	12,400	45,600	6.8%
Freedom Academy	2,915,400	0	54,300	54,300	1.9%
Freedom Preparatory Academy	1,053,600	0	19,800	19,800	1.9%
Friendly House Academia Del Pueblo Elem	2,454,900	0	45,800	45,800	1.9%
Gateway Early College High School	2,908,900	143,000	53,500	196,500	6.8%
Gem Charter School	601,900	0	11,200	11,200	1.9%
Genesis Academy	605,600	20,900	11,000	31,900	5.3%
George Gervin Prep Academy	1,399,000	0	26,600	26,600	1.9%
Girls Leadership Academy of Arizona	715,800	38,400	13,400	51,800	7.2%
Glenview College Preparatory High School	5,752,600	253,200	102,100	355,300	6.2%
Great Expectations Academy	2,376,700	0	45,900	45,900	1.9%
Great Hearts Academies - Anthem Prep	5,912,900	(12,600)	106,800	94,200	1.6%
Great Hearts Academies - Archway Arete	3,834,800	(5,800)	70,300	64,500	1.7%
Great Hearts Academies - Archway Chandler	3,919,600	(3,200)	72,500	69,300	1.8%
Great Hearts Academies - Archway Cicero	3,790,000	(114,500)	69,300	(45,200)	-1.2%
Great Hearts Academies - Archway Glendale	4,069,600	(5,100)	74,600	69,500	1.7%
Great Hearts Academies - Archway Lincoln	5,199,000	(8,300)	95,600	87,300	1.7%
Great Hearts Academies - Archway North Phoenix	6,081,200	0	111,800	111,800	1.8%
Great Hearts Academies - Archway Scottsdale	7,676,900	(11,000)	140,500	129,500	1.7%
Great Hearts Academies - Archway Trivium East	3,859,900	(3,400)	71,200	67,800	1.8%
Great Hearts Academies - Archway Trivium West	7,756,400	(116,700)	141,300	24,600	0.3%
Great Hearts Academies - Archway Veritas	5,200,500	(7,900)	95,300	87,400	1.7%
Great Hearts Academies - Arete Prep	4,381,600	125,200	78,800	204,000	4.7%
Great Hearts Academies - Chandler Prep	5,564,500	(100)	99,800	99,700	1.8%
Great Hearts Academies - Cicero Prep	4,001,900	(119,700)	72,100	(47,600)	-1.2%
Great Hearts Academies - Glendale Prep	4,829,700	(5,300)	87,300	82,000	1.7%
Great Hearts Academies - Lincoln Prep	4,400,900	0	79,400	79,400	1.8%
Great Hearts Academies - Maryvale Prep	6,734,800	124,700	123,100	247,800	3.7%
Great Hearts Academies - North Phoenix Prep	3,796,900	(3,400)	67,400	64,000	1.7%
Great Hearts Academies - Scottsdale Prep	6,688,100	(8,700)	119,700	111,000	1.7%
Great Hearts Academies - Trivium Prep	7,433,100	201,000	134,700	335,700	4.5%
Great Hearts Academies - Veritas Prep	6,247,300	(9,200)	112,100	102,900	1.6%
Ha:san Preparatory & Leadership School	1,227,100	51,000	22,900	73,900	6.0%
Happy Valley School	4,114,200	(10,400)	76,200	65,800	1.6%
Happy Valley School East Campus	3,939,100	106,200	73,800	180,000	4.6%
Harvest Preparatory Academy, San Luis AZ	12,972,000	264,200	238,800	503,000	3.9%
Havasu Preparatory Academy	1,583,300	85,700	29,100	114,800	7.3%
Haven Montessori Charter School	595,800	(1,300)	11,200	9,900	1.7%
Hearn Academy, The - A Ball Charter School	4,766,600	(11,200)	86,900	75,700	1.6%
Heritage Academy	12,544,000	172,800	226,400	399,200	3.2%
Heritage Academy Laveen	4,685,800	0	82,800	82,800	1.8%
Heritage Academy Queen Creek	6,283,700	0	113,100	113,100	1.8%
Heritage Elementary - Williams	6,551,200	(5,200)	119,600	114,400	1.7%
Hermosa Montessori Charter	1,598,200	2,600	30,700	33,300	2.1%
Highland Free School	380,200	10,800	7,000	17,800	4.7%
Highland Prep	4,591,700	(117,900)	84,300	(33,600)	-0.7%
Hirsch Academy A Challenge Foundation	1,360,100	83,200	25,700	108,900	8.0%
Hope High School	4,532,300	0	82,300	82,300	1.8%
Horizon Honors Elementary School	5,570,100	(4,700)	101,100	96,400	1.7%
Horizon Honors Secondary School	6,112,000	160,000	111,400	271,400	4.4%
Imagine Avondale Elementary	3,238,200	5,100	59,000	64,100	2.0%
Imagine Avondale Middle	1,910,600	(60,600)	34,400	(26,200)	-1.4%
Imagine Bell Canyon	2,215,700	(117,700)	40,600	(77,100)	-3.5%
Imagine Camelback Elementary	2,631,600	0	48,800	48,800	1.9%
Imagine Camelback Middle	1,256,600	0	22,900	22,900	1.8%
Imagine Coolidge Elementary	4,358,500	81,600	80,800	162,400	3.7%
Imagine Cortez Park Elementary	3,506,600	(109,300)	63,500	(45,800)	-1.3%
Imagine Cortez Park Middle	1,982,300	0	35,400	35,400	1.8%
Imagine Desert West Elementary	5,143,400	0	94,300	94,300	1.8%
Imagine Desert West Middle	3,389,900	0	61,100	61,100	1.8%
Imagine East Mesa Elementary	4,428,600	0	80,900	80,900	1.8%
Imagine East Mesa Middle	972,900	0	17,800	17,800	1.8%
Imagine Prep Coolidge	4,198,400	0	75,500	75,500	1.8%
Imagine Prep Superstition	3,018,400	0	53,500	53,500	1.8%
Imagine Prep Surprise	2,916,800	0	53,900	53,900	1.8%
Imagine Rosefield	4,112,500	128,600	76,400	205,000	5.0%
Imagine Superstition Middle	1,002,900	0	18,000	18,000	1.8%
Imagine Surprise Middle	2,347,000	0	42,300	42,300	1.8%
Imagine West Gilbert Elementary	990,800	6,600	18,100	24,700	2.5%
Imagine West Gilbert Middle	864,200	0	15,300	15,300	1.8%
Incito Schools	2,097,300	0	40,200	40,200	1.9%
Integrity Education Centre	237,000	0	4,200	4,200	1.8%
Intelli-School	718,000	0	13,500	13,500	1.9%
Intelli-School - Paradise Valley	860,900	0	15,700	15,700	1.8%
Intelli-School Glendale	1,549,500	32,900	28,900	61,800	4.0%
International Commerce High School - Phoenix	2,611,700	77,900	45,800	123,700	4.7%
International Commerce High School - Tempe	2,171,300	63,600	38,600	102,200	4.7%
James Madison Preparatory School	1,549,900	0	29,300	29,300	1.9%
Jefferson Preparatory High School	5,108,900	(21,100)	95,400	74,300	1.5%
Kaizen Education Foundation dba Gilbert Arts Academy	1,293,200	36,800	23,700	60,500	4.7%
Kaizen Education Foundation dba Maya High School	3,113,900	149,500	55,300	204,800	6.6%
Kaizen Education Foundation dba Quest High School	582,200	0	10,300	10,300	1.8%
Kaizen Education Foundation dba South Pointe Elementary School	2,210,000	0	40,500	40,500	1.8%
Kaizen Education Foundation dba Summit High School	1,689,500	91,500	29,900	121,400	7.2%
Kaizen Education Foundation dba Vista Grove Preparatory Academy Elementary	633,400	0	11,400	11,400	1.8%
Kaleidoscope School	1,905,700	0	36,000	36,000	1.9%
KELLY	3,129,200	0	71,600	71,600	2.3%
Keystone Montessori Charter School	1,822,700	(100)	35,500	35,400	1.9%
Khalsa Montessori Elementary School - Phoenix	1,056,600	1,400	19,700	21,100	2.0%
Khalsa School	1,997,600	400	37,600	38,000	1.9%
Kingman Academy of Learning - Intermediate School	10,866,700	83,100	201,000	284,100	2.6%
La Paloma Academy-South	15,009,100	(356,100)	273,600	(82,500)	-0.5%
La Tierra Community School	890,600	0	17,100	17,100	1.9%
Las Puertas Community School	474,100	0	8,900	8,900	1.9%
Leading Edge Academy at East Mesa	7,657,800	(30,100)	140,500	110,400	1.4%
Leading Edge Academy Maricopa	5,986,500	0	110,200	110,200	1.8%
Leading Edge Academy Mountain View	3,460,000	0	66,300	66,300	1.9%
Learning Foundation	1,132,900	3,200	20,500	23,700	2.1%
Learning Foundation and Performing Arts Alta Mesa	723,200	40,500	13,200	53,700	7.4%
Learning Foundation and Performing Arts Warner	6,263,300	0	116,000	116,000	1.9%
Learning Institute, The	949,200	0	17,900	17,900	1.9%
Legacy Traditional School - Avondale	10,177,100	(12,900)	188,300	175,400	1.7%
Legacy Traditional School - Casa Grande	9,704,700	279,000	177,700	456,700	4.7%
Legacy Traditional School - Chandler	8,647,300	(5,600)	157,300	151,700	1.8%
Legacy Traditional School - Deer Valley	2,218,700	0	39,900	39,900	1.8%
Legacy Traditional School - East Mesa	7,953,500	0	147,800	147,800	1.9%
Legacy Traditional School - East Tucson	1,891,000	0	34,300	34,300	1.8%
Legacy Traditional School – Gilbert	8,874,400	(24,800)	163,400	138,600	1.6%
Legacy Traditional School – Glendale	8,873,800	(13,500)	162,200	148,700	1.7%
Legacy Traditional School - Goodyear	4,589,300	0	86,200	86,200	1.9%
Legacy Traditional School – Laveen Village	7,618,000	0	139,100	139,100	1.8%
Legacy Traditional School - Maricopa	9,210,300	(273,700)	169,300	(104,400)	-1.1%
Legacy Traditional School - Mesa	2,916,700	0	52,500	52,500	1.8%
Legacy Traditional School – North Chandler	6,802,700	199,200	125,100	324,300	4.8%
Legacy Traditional School - North Phoenix	4,231,900	0	77,300	77,300	1.8%
Legacy Traditional School - Northwest Tucson	10,121,300	(39,300)	186,000	146,700	1.4%
Legacy Traditional School – Peoria	6,659,200	(197,900)	121,900	(76,000)	-1.1%
Legacy Traditional School - Phoenix	9,853,600	0	181,300	181,300	1.8%
Legacy Traditional School - Queen Creek	10,043,600	(12,800)	185,600	172,800	1.7%
Legacy Traditional School - Surprise	16,166,800	(34,500)	295,400	260,900	1.6%
Legacy Traditional School - West Surprise	8,201,600	0	149,600	149,600	1.8%
Leman Academy of Excellence	35,857,300	(43,600)	655,100	611,500	1.7%
Liberty Arts Academy	2,549,600	0	47,300	47,300	1.9%
Liberty High School	605,400	31,900	11,300	43,200	7.1%
Liberty Leadership Academy	261,000	0	4,900	4,900	1.9%
Liberty Traditional Charter School	3,919,600	133,500	71,500	205,000	5.2%
Madison Highland Prep	4,334,800	(9,400)	79,400	70,000	1.6%
Maricopa Institute of Technology	3,057,500	(139,900)	55,800	(84,100)	-2.8%
Masada Charter School	4,212,900	(10,600)	79,800	69,200	1.6%
Math and Science Success Academy	5,232,600	93,300	94,700	188,000	3.6%
Mesa Arts Academy	1,969,100	40,300	37,600	77,900	4.0%
Metropolitan Arts Institute	2,389,200	0	44,600	44,600	1.9%
Mexicayotl Charter School	1,588,800	22,800	30,000	52,800	3.3%
Midtown High School	63,100	0	1,200	1,200	1.9%
Midtown Primary School	842,800	(23,000)	15,900	(7,100)	-0.8%
Milestones Charter School	1,769,200	0	33,800	33,800	1.9%
Mingus Springs Charter School	1,340,500	0	25,200	25,200	1.9%
Mission Heights Preparatory High School	4,208,500	0	75,900	75,900	1.8%
Mission Montessori Academy	1,263,300	(1,500)	24,000	22,500	1.8%
Mohave Accelerated Elementary School	4,259,400	(11,100)	80,100	69,000	1.6%
Mohave Accelerated Learning Center	4,432,200	(116,800)	83,000	(33,800)	-0.8%
Montessori Academy	1,237,200	(2,000)	23,500	21,500	1.7%
Montessori Charter School of Flagstaff - Campus	1,297,000	0	24,800	24,800	1.9%
Montessori Day Public Schools Chartered - Mountainside	2,221,500	(4,400)	41,700	37,300	1.7%
Montessori De Santa Cruz - St. Ann's Hall	505,900	0	9,800	9,800	1.9%
Montessori Education Centre Charter School - North Campus	3,366,800	(3,600)	63,300	59,700	1.8%
Montessori Schoolhouse	909,200	(1,200)	17,200	16,000	1.8%
Morrison Education Group, Inc.	2,306,800	0	41,600	41,600	1.8%
Mountain Oak Charter School	572,000	0	10,700	10,700	1.9%
Mountain Rose Academy	2,027,400	0	37,600	37,600	1.9%
Mountain School	1,409,400	(38,600)	26,600	(12,000)	-0.9%
New Horizon High School, Inc.	577,200	0	10,800	10,800	1.9%
New Horizon School for the Performing Arts	1,270,100	0	23,900	23,900	1.9%
New Learning Ventures, Inc.	1,018,900	0	19,200	19,200	1.9%
New School for the Arts	1,745,800	0	32,900	32,900	1.9%
New School for the Arts Middle School	699,200	0	12,800	12,800	1.8%
New World Educational Center	1,462,800	33,300	27,800	61,100	4.2%
NFL YET College Prep Academy	3,157,900	0	58,400	58,400	1.8%
Noah Webster Schools- Mesa	5,045,300	0	92,700	92,700	1.8%
Noah Webster Schools-Pima	2,379,000	0	43,700	43,700	1.8%
North Pointe Preparatory	6,158,600	(6,100)	114,200	108,100	1.8%
Northern AZ Academy for Career Dev. - Taylor	735,000	24,000	14,700	38,700	5.3%
Northland Preparatory Academy	5,479,500	141,800	102,400	244,200	4.5%
Northpoint Expeditionary Learning Academy	1,535,300	0	28,400	28,400	1.8%
Nosotros Academy	2,668,600	98,800	50,300	149,100	5.6%
Ombudsman - Charter East II	10,715,200	0	188,700	188,700	1.8%
Omega Alpha Academy School	2,553,300	0	48,200	48,200	1.9%
Online School of Arizona	139,300	0	2,500	2,500	1.8%
Open Doors Community School	784,800	0	15,100	15,100	1.9%
PACE Preparatory Academy	733,800	0	13,800	13,800	1.9%
Pan-American Charter School	9,050,100	0	166,700	166,700	1.8%
Paradise Honors Elementary School	22,592,300	201,400	414,000	615,400	2.7%
Paragon Science Academy	4,005,900	22,900	72,200	95,100	2.4%
Paramount Academy	1,583,000	0	29,600	29,600	1.9%
Park View Middle School	1,366,600	0	25,700	25,700	1.9%
Patagonia Montessori School	227,400	0	4,100	4,100	1.8%
Pathways in Education	1,403,000	0	25,400	25,400	1.8%
Paulden Community School	814,300	0	15,200	15,200	1.9%
Paulo Freire Freedom School - Downtown	3,339,700	0	64,300	64,300	1.9%
Pensar Academy	1,944,200	89,800	37,000	126,800	6.5%
Peoria Accelerated High School	4,569,400	186,500	81,100	267,600	5.9%
Phoenix Advantage Charter School	1,542,200	0	29,000	29,000	1.9%
Phoenix College Preparatory Academy	206,000	123,700	3,400	127,100	61.7%
Phoenix International Academy	923,500	0	17,700	17,700	1.9%
Pillar Academy Online	241,600	(5,700)	4,400	(1,300)	-0.5%
Pima Partnership Academy	547,700	0	10,100	10,100	1.8%
Pima Partnership School, The	1,282,500	500	23,900	24,400	1.9%
Pima Rose Academy	3,581,000	238,000	65,200	303,200	8.5%
Pima Vocational High School	531,300	0	9,800	9,800	1.8%
Pine Forest School	1,453,700	0	27,700	27,700	1.9%
Pinnacle Charter High School	430,300	0	7,800	7,800	1.8%
Pinnacle Charter High School	605,800	42,400	10,800	53,200	8.8%
Pinnacle High School - Casa Grande	365,000	0	6,400	6,400	1.8%
Pinnacle Online High School	1,760,400	108,800	31,400	140,200	8.0%
Pioneer Preparatory - A Challenge Foundation	3,260,900	81,300	61,800	143,100	4.4%
PPEP TEC - Alice S. Paul Learning Center	5,435,200	125,400	96,400	221,800	4.1%
Precision Academy	653,400	0	12,100	12,100	1.9%
Premier Charter High School	1,480,800	83,600	27,300	110,900	7.5%
Prescott Valley School	3,684,100	142,100	71,800	213,900	5.8%
Presidio School	3,153,900	6,600	59,500	66,100	2.1%
Primavera - Online	40,283,600	0	712,800	712,800	1.8%
RCB College Preparatory Academy	174,300	0	3,200	3,200	1.8%
RCB Medical Arts Academy	1,034,300	0	18,900	18,900	1.8%
Reid Traditional Schools' Painted Rock Academy	3,869,500	11,800	71,500	83,300	2.2%
Reid Traditional Schools' Valley Academy	4,922,400	3,900	89,700	93,600	1.9%
Reyes Maria Ruiz Leadership Academy	3,378,200	10,600	62,900	73,500	2.2%
Ridgeline Academy, Inc.	7,562,000	(22,600)	139,800	117,200	1.5%
Riverbend Prep	2,239,800	0	41,900	41,900	1.9%
RSD High School	140,400	0	2,400	2,400	1.7%
SABIS International	3,551,300	0	66,100	66,100	1.9%
Sage Academy	1,368,600	0	26,200	26,200	1.9%
Salt River High School	527,600	19,800	9,700	29,500	5.6%
San Tan Charter School	7,309,200	0	137,100	137,100	1.9%
Satori Charter School	1,055,700	0	20,100	20,100	1.9%
Scholars Academy Sunnyslope	952,400	0	18,000	18,000	1.9%
Scottsdale Country Day School	1,205,200	(900)	22,500	21,600	1.8%
Sedona Charter School	1,415,600	29,600	26,600	56,200	4.0%
Self Development Academy-Phoenix	2,303,900	48,200	43,200	91,400	4.0%
Self Development Charter School	3,621,300	11,700	67,100	78,800	2.2%
Self Development Eastmark Academy	109,500	0	1,900	1,900	1.7%
Self Development Scottsdale Academy	586,400	0	11,200	11,200	1.9%
Sequoia Elementary School	6,293,500	0	116,200	116,200	1.8%
Sequoia Pathway Academy	6,709,800	0	122,800	122,800	1.8%
Sequoia Village School	3,131,200	77,500	57,600	135,100	4.3%
Shonto Preparatory Technology High School	718,600	0	13,500	13,500	1.9%
Sky Islands	864,100	0	16,600	16,600	1.9%
Skyline D5	1,989,100	102,800	36,300	139,100	7.0%
Skyline Prep High School	1,648,300	70,600	29,900	100,500	6.1%
Skyview High School	1,495,100	0	26,700	26,700	1.8%
Skyview School	1,802,800	45,200	34,100	79,300	4.4%
Somerset Academy Arizona, Inc.	1,380,400	0	26,600	26,600	1.9%
Sonoran Science Academy - Davis Monthan	1,338,000	33,700	24,400	58,100	4.3%
Sonoran Science Academy - Phoenix	3,038,200	0	55,400	55,400	1.8%
Sonoran Science Academy - Tucson	6,147,500	139,100	112,000	251,100	4.1%
Sonoran Science Academy East	3,212,300	0	57,900	57,900	1.8%
Sonoran Science Academy-Peoria	1,621,800	0	28,900	28,900	1.8%
South Mountain Preparatory Academy	472,400	0	8,200	8,200	1.7%
South Phoenix Prep and Arts Academy	2,467,200	0	45,300	45,300	1.8%
South Pointe High School	4,284,800	258,800	76,300	335,100	7.8%
South Pointe Junior High School	1,121,200	0	19,900	19,900	1.8%
South Ridge High School	3,588,200	162,900	63,400	226,300	6.3%
South Valley Prep and Arts School	1,930,300	0	34,600	34,600	1.8%
Southern Arizona Community Academy	1,374,800	0	25,400	25,400	1.8%
Southgate Academy	3,734,300	116,700	69,400	186,100	5.0%
Southside Community School	1,871,800	0	35,300	35,300	1.9%
Southwest Leadership Academy	2,319,700	109,100	42,800	151,900	6.5%
STAR Charter School	750,200	40,300	14,100	54,400	7.3%
STEP UP SCHOOL	467,500	0	8,700	8,700	1.9%
Stepping Stones Academy	1,740,700	(1,000)	32,700	31,700	1.8%
Student Choice High School	16,273,000	0	287,100	287,100	1.8%
Sun Valley Academy	3,963,300	(221,000)	71,600	(149,400)	-3.8%
Sun Valley High School	3,619,800	150,600	64,600	215,200	5.9%
Synergy Public School	4,061,300	0	76,100	76,100	1.9%
Telesis Preparatory	2,521,100	49,500	47,400	96,900	3.8%
Tempe Preparatory Academy	3,983,500	(6,200)	73,900	67,700	1.7%
The Farm at Mission Montessori Academy	392,300	(200)	7,300	7,100	1.8%
The French American Academy of Arizona	425,100	(11,400)	7,900	(3,500)	-0.8%
The Grande Innovation	5,659,800	0	102,500	102,500	1.8%
The Odyssey Preparatory Academy	27,084,900	0	494,800	494,800	1.8%
The Paideia Academy of South Phoenix	6,268,600	178,200	115,700	293,900	4.7%
The Peak School	780,000	0	14,800	14,800	1.9%
Think Through Academy	351,000	0	6,700	6,700	1.9%
TIA East	4,109,800	38,800	78,500	117,300	2.9%
Toltecali High School	1,299,000	64,500	24,000	88,500	6.8%
Tri-City College Prep High School	2,433,300	60,300	45,500	105,800	4.3%
Triumphant Learning Center	814,500	0	15,700	15,700	1.9%
Tucson Country Day School	4,163,200	0	76,700	76,700	1.8%
Tucson Preparatory School	1,104,800	0	20,100	20,100	1.8%
Valiant Academy	9,355,500	0	167,100	167,100	1.8%
Valley Preparatory Academy	298,500	0	5,200	5,200	1.7%
Valor Preparatory Academy, LLC	980,300	0	18,500	18,500	1.9%
Vector Prep and Arts Academy	1,526,100	0	28,000	28,000	1.8%
Victory Collegiate Academy	2,944,800	0	55,700	55,700	1.9%
Villa Montessori - Phoenix Campus	3,828,100	103,900	71,500	175,400	4.6%
Vista College Preparatory	7,488,200	(72,600)	136,500	63,900	0.9%
Vista Grove Preparatory Academy Middle School	248,800	0	4,600	4,600	1.8%
West Phoenix High School	3,983,000	194,900	70,900	265,800	6.7%
Western School of Science and Technology	4,783,200	106,800	88,900	195,700	4.1%
Westland School	4,637,000	209,400	87,100	296,500	6.4%
Willow Creek Charter School	740,600	13,100	14,000	27,100	3.7%
Young Scholars Academy	3,425,200	164,600	64,600	229,200	6.7%
TOTAL	1,795,193,500	8,941,700	32,956,900	41,898,600	2.3%

Table 4                                                                                  State Student Funding Formula District Analysis
District Name	Current Eligibility Status	Bonds	Overrides	Other Levies	Total	Estimated Formula Funding Change	Net Funding Change
Somerton Elementary District	Yes	0	0	515,900	515,900	3,153,000	2,637,100
Chino Valley Unified District	Yes	0	0	0	0	2,506,700	2,506,700
Whiteriver Unified District	Yes	0	0	0	0	2,149,300	2,149,300
Bullhead City School District	Yes	0	0	0	0	1,975,000	1,975,000
Camp Verde Unified District	Yes	0	0	0	0	1,551,000	1,551,000
Page Unified District	Yes	0	0	50,000	50,000	1,564,600	1,514,600
Globe Unified District	Yes	0	0	0	0	1,477,800	1,477,800
Pima Unified District	Yes	0	0	0	0	1,261,400	1,261,400
San Carlos Unified District	Yes	0	0	0	0	1,157,200	1,157,200
Fort Huachuca Accommodation District	Yes	0	0	0	0	961,100	961,100
Red Rock Elementary District	Yes	0	0	0	0	442,600	442,600
Ajo Unified District	Yes	0	0	0	0	437,100	437,100
Ft Thomas Unified District	Yes	0	0	0	0	419,000	419,000
Cochise County Accommodation School District	Yes	0	0	0	0	379,600	379,600
Naco Elementary District	Yes	0	0	0	0	315,600	315,600
Aguila Elementary District	Yes	0	0	23,500	23,500	132,700	109,200
Wellton Elementary District	Yes	0	0	0	0	102,200	102,200
Sacaton Elementary District	Yes	0	0	0	0	66,500	66,500
Pima Accommodation District	Yes	0	0	50,000	50,000	116,000	66,000
Palominas Elementary District	Yes	0	0	79,700	79,700	144,400	64,700
Solomon Elementary District	Yes	0	0	5,200	5,200	67,400	62,200
Santa Cruz Elementary District	Yes	0	0	0	0	30,000	30,000
Topock Elementary District	Yes	0	0	50,000	50,000	65,500	15,500
Valentine Elementary District	Yes	0	0	16,000	16,000	29,800	13,800
Blue Elementary District	Yes	0	0	0	0	6,600	6,600
Williamson Valley Elementary School District	Yes	0	0	1,700	1,700	3,200	1,500
SUBTOTAL CURRENTLY ELIGIBLE						20,515,300	19,723,300
Sunnyside Unified District	No	6,100,000	0	70,000	6,170,000	17,374,200	11,204,200
Yuma Union High School District	No	4,050,000	0	3,500,000	7,550,000	13,933,400	6,383,400
Yuma Elementary District	No	2,364,300	0	345,100	2,709,400	7,104,700	4,395,300
Gadsden Elementary District	No	692,500	0	545,900	1,238,400	5,515,900	4,277,500
Nogales Unified District	No	0	2,590,100	6,000	2,596,100	6,565,400	3,969,300
Crane Elementary District	No	1,100,000	1,500,000	93,500	2,693,500	6,610,300	3,916,800
Douglas Unified District	No	1,095,700	0	211,000	1,306,700	4,681,200	3,374,500
Safford Unified District	No	570,000	0	0	570,000	3,310,100	2,740,100
Snowflake Unified District	No	814,400	0	0	814,400	3,208,200	2,393,800
Prescott Unified District	No	1,613,000	696,100	42,000	2,351,100	4,262,000	1,910,900
Show Low Unified District	No	800,000	0	0	800,000	2,515,900	1,715,900
Morenci Unified District	No	365,100	0	0	365,100	1,556,900	1,191,800
Humboldt Unified District	No	3,971,900	0	0	3,971,900	5,104,200	1,132,300
Window Rock Unified District	No	345,200	0	0	345,200	1,435,200	1,090,000
Coolidge Unified District	No	1,200,000	0	6,800	1,206,800	2,292,100	1,085,300
Thatcher Unified District	No	1,215,400	0	25,000	1,240,400	2,227,700	987,300
Mingus Union High School District	No	0	723,100	0	723,100	1,682,600	959,500
Miami Unified District	No	0	851,700	0	851,700	1,777,000	925,300
Winslow Unified District	No	0	1,133,300	0	1,133,300	1,933,000	799,700
Parker Unified School District	No	0	1,118,000	0	1,118,000	1,694,800	576,800
Colorado City Unified District	No	240,000	0	0	240,000	739,600	499,600
J O Combs Unified School District	No	4,124,400	0	550,000	4,674,400	5,063,500	389,100
Cave Creek Unified District	No	4,029,200	0	0	4,029,200	4,363,700	334,500
Mammoth-San Manuel Unified District	No	100	0	0	100	292,200	292,100
Flowing Wells Unified District	No	2,910,000	3,006,400	27,200	5,943,600	6,207,100	263,500
Clarkdale-Jerome Elementary District	No	0	289,200	0	289,200	478,100	188,900
Williams Unified District	No	0	424,900	0	424,900	583,300	158,400
Tuba City Unified District	No	30,000	0	415,000	445,000	588,800	143,800
Stanfield Elementary District	No	4,200	0	0	4,200	94,200	90,000
St David Unified District	No	0	244,200	0	244,200	313,700	69,500
Littlefield Unified District	No	204,000	0	0	204,000	269,900	65,900
Bisbee Unified District	No	100	377,800	0	377,900	420,700	42,800
Picacho Elementary District	No	0	49,700	0	49,700	74,700	25,000
SUBTOTAL NOT CURRENTLY ELIGIBLE						114,274,300	57,592,800