1/15/2003
28
Operating Referendum
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–Equalization:   The first $126 per RMCPU of approved referendum revenue is equalized at $476,000.  The next $711 ($837-126) per RMPCU of referendum revenue is equalized at $270,000.
–An Exception:   School districts that qualify for sparsity revenue qualify for equalization on all referendum revenue.
–The Process (an example):
–A school district with:
–$450
–…….and if the voters approve we know………
–……… asks voters to approve a             referendum
–2,000
–250,000,000
–Resident Marginal Cost Pupil Units
–Referendum Market Value
–The REVENUE will be:                              *              =
–$900,000