MI HB5848

Sets basic foundation allowance for 2014-2015 at $8,099.00 and minimum foundation allowance at $7,126.00.

Districts with foundation allowances between minimum and basic amounts receive their prior year allowance plus $50.00, with specific calculation formulas for catch-up funding.

Districts at or above the basic foundation allowance receive the lesser of their prior year allowance plus inflation adjustment or a cap based on consumer price index.

For consolidated or annexed districts formed after June 1, 2002, increases the incentive bonus from $100.00 to $150.00 when calculating the resulting district's foundation allowance.

Public school academies receive per-pupil allocations based on their host district's foundation allowance (capped at state maximum), with 2014-2015 maximum public school academy allocation set at $7,218.00.