The topic of Georgia's "Equalization" grants has been brought up here several times - prompting me to make a post solely dedicated to the subject. One contributor wrote, "Interestingly DeKalb is one of the districts currently levying a millage rate in excess of the State's constitutional cap. This irks some since many Counties receiving benefit from the Equalization part of the funding formula have MUCH lower millage rates."
Some of our brilliant bloggers researched the topic and found the following resources:
The full text of the equalization grant statute, OCGA Sec. 20-2-165 can be found at this link. The legislation describes the funding formula in detail.
The Georgia School Council Institute has put together a nice nine page write up on school funding. Take a look at page 4 of the .pdf file found at this link. Page 3 may also be of interest to help avoid confusion of "Local 5-mills / Local Fair Share" vs. "Equalization".
Also check out:
Where the funds for equalization come from.
And where they go, as described in Senator Jack Hill's essay on the subject. The section on equalization starts about halfway down.
Click here to read Part 2 of the Senator's essay.
Also, the amounts reallocated can be found at this link at the Georgia DOE's website. (After clicking Set FY, choose QBE003, System allotment sheets)
Do all this reading and then post your thoughts in the comments.