The school’s combined wealth ratio has gone from 1.011 to 1.440 since the 2008-09 school year. According to Hebert, CCS is considered to be one and a half times more wealthy than other schools in the state.
A school’s combined wealth ratio is calculated using a formula developed by the state to measure a district’s wealth or ability to pay its local share for education. It compares a district’s wealth to the state’s average wealth by using the average personal income wealth of district residents and a district’s property wealth or average value of real estate per resident. The state average is 1.0 and CCS has a combined wealth score of 1.44.
Hebert said CCS has had success with resource sharing. The district shares a cafeteria manager with Milford and a physical therapist with Oneonta.
Cooperstown and Milford are also participating in a transportation maintenance study that is in its early stages, according to Hebert. He said the study could possibly result in the consolidation of bus garages, a centralized location for maintenance along with other cost-saving measures.
For comparisons on other school district’s per student impact of GEA visit http://www.cooperstowncs.org//district_info.cfm?subpage=1674156 and click on the March 13, 2013 Budget Work Session Presentation.