EQUITY FUNDING IN NORTHEAST MISSISSIPPI

AUTHOR: MONIQU

EQUITY FUNDING IN NORTHEAST MISSISSIPPI

To calculate equity funding, the Mississippi Department of Education determines how much education money will be received if every district across the state were set at 33.04 mills. Then, that number is divided by the number of public school students the state has. This number is called the individual student entitlement.

After the individual student entitlement amount is set, officials multiply the district Average Daily Attendance by the individual student entitlement amount. This number is the desired minimum level of funding.

Then, officials subtract the amount of revenues generated by a district from the desired amount of funding. Equity funding makes up the difference.

Equity Enhancement

District Local State Federal funding funding

Alcorn County $3,638,083 $10,628,998 $1,720,948 $192,450 $2,444,424

Corinth $3,166,229 $5,001,421 $1,240,221 $0 $671,133

Benton County $857,272 $3,614,393 $1,237,461 $52,336 $661,592

Calhoun County $2,387,384 $7,553,455 $1,616,693 $368,057 $704,018

Chickasaw County $457,058 $1,428,755 $582,029 $37,501 $159,637

Houston $1,888,291 $5,326,963 $984,066 $162,831 $887,061

Okolona $919,582 $3,141,682 $634,509 $224,660 $826,702

Clay County $407,104 $1,434,497 $443,197 $18,553 $356,175

West Point $3,404,981 $8,903,620 $2,386,108 $576,559 $1,900,252

Itawamba County $2,434,016 $8,613,688 $1,496,528 $167,361 $1,160,266

Lafayette County $1,627,248 $5,649,865 $1,052,748 $247,057 $899,532

Oxford $4,759,637 $7,170,215 $1,644,575 $0 $1,213,459

Lee County $7,100,966 $13,327,083 $2,489,206 $0 $2,170,118

Nettleton $1,171,176 $3,862,699 $726,179 $367,324 $449,148

Tupelo $14,866,440 $16,442,247 $2,636,398 $0 $1,627,160

Marshall County $1,905,081 $8,214,041 $2,458,431 $629,537 $1,618,444

Holly Springs $1,682,080 $4,659,694 $1,484,621 $10,990 $749,646

Monroe County $2,438,956 $6,235,185 $1,080,622 $148,661 $1,486,202

Aberdeen $2,099,408 $5,340,608 $1,755,783 $0 $879,154

Amory $2,683,300 $4,693,798 $903,325 $0 $769,554

Pontotoc County $1,667,149 $7,005,498 $1,032,617 $370,511 $1,079,142

Pontotoc City $1,985,152 $4,651,484 $787,102 $0 $792,686

Prentiss County $2,192,217 $8,102,936 $1,506,972 $709,940 $912,887

Baldwyn $783,573 $2,803,854 $465,546 $164,480 $399,135

Booneville $1,585,321 $2,679,136 $510,769 $0 $588,425

North Tippah $1,214,672 $4,159,413 $920,467 $325,450 $783,588

South Tippah $2,067,226 $7,337,063 $1,291,077 $475,686 $1,329,549

Tishomingo County $2,983,312 $8,454,054 $1,716,529 $108,920 $1,380,139

Union County $1,731,381 $6,526,444 $860,237 $622,126 $614,005

New Albany $2,668,246 $5,211,620 $861,010 $0 $1,102,404

Source: Mississippi Department of Education

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