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State funding formulas determine whether Mount Olive CUSD 5 has enough money. Here's where it stands. 60-90% of adequacy — receives moderate new state funding.
How School Funding Works
State funding formulas calculate an Adequacy Target for each district, the estimated cost to provide an adequate education. Districts are then compared against that target.
Districts are assigned to Tiers 1-4 based on their percentage of adequacy. Tier 1 districts (most underfunded) receive the largest share of new state funding.
Tier 1: Below 60% of adequacy
Tier 2: 60% to below 90% of adequacy
Tier 3: 90% to below 100% of adequacy
Tier 4: At or above 100% of adequacy
Source: State Education Funding Data
% of Adequacyi
72.1%Adequacy Gapi
$1.8MFunding vs. Needi
District Detail
60-90% of adequacy — receives moderate new state funding
The state estimates it costs $6.5M to adequately educate all students in this district. The district currently has $4.7M in resources — that's 72.08% of what it needs. There's a $1.8M gap between what the district has and what it needs.
What it needsi
$6.5M
What it hasi
$4.7M
From the statei
$2.9M
This district is better funded than 17% of districts statewide.
Statewide Tier Distributioni