Gain Share funds higher than anticipated
Washington County Commission Chair Andy Duyck and Hillsboro Mayor Jerry Willey announced last week that Gain Share revenues for the current 2014-15 fiscal year will be $6 million more than expected.
As a result, Duyck and Willey proposed sharing half of that $3 million with Washington County school districts for 2014-15, bringing the total Gain Share funding to be distributed to Washington County schools to $13 million over a two-year period.
In June 2013, Duyck and Willey pledged $10 million in Gain Share funds to county school districts over a two-year period.
"We are committed to continuing our partnership with local schools by supporting our school districts," Willey said. "And we want to let our local schools know about the additional funding now so that they can begin planning how to use these dollars in the coming school year."
The proposal would also continue the practice of distributing funds to each of the seven public school districts on a per-student basis using the state's Average Daily Membership-Weighted (ADMw) formula.
Under the plan, Forest Grove School district would see an additional $579,000 for its 2014-15 budget; Banks School District an additional $102,000; and Gaston schools $60,000.