The state education funding formula which passed the general assembly last night includes a minor tweak to one of the multipliers, increasing the overall state share by .025 in 2011. When I rolled the numbers into the GoogleDocs spreadsheet (by changing the formula in column V) it reduces our loss in state aid from $2.6M to $2.1M, so our yearly hit would be $207K rather than $260K. It is not, contrary to the ProJo's breathless reporting, an "increase up to 50%," but it may be smaller decrease than anticipated.

Given the complexity of the formula, please take my numbers with appropriate grains of salt. I have a query in to the district to check.