Adjusted Equalized Net Grand List per Capita (AENGLC) Wealth
Adjusted Equalized Net Grand List per Capita (AENGLC) Wealth
| I. Overview | |||||
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One of the measures of wealth used in some education funding formulas, and other state aid formulas as
well, is the Adjusted Equalized Net Grand List per Capita (AENGLC) pursuant to Section 10-261(a)(5)
of the Connecticut General Statutes. Within the State Department of Education, AENGLC, more
specifically AENGLC rank, is used in determining the state support percentages for
reimbursement under adult education, school construction, pupil transportation and health
services. AENGLC is defined as a combination of property tax base per person and income per person. Property tax base is used because it is the form of wealth taxed by Connecticut's towns. Per Capita Income (PCI) is used because the income from which taxes are paid has an important effect on town taxing capacity. ENGL is the Equalized Net Grand List which represents the value of taxable real and personal property (net grand list) at 100 percent fair market value. | |||||
| ENGL | = | Equalized Net Grand List (CT Office of Policy and Management) | |||
| PCI | = | Per Capita Income (U.S. Bureau of the Census) | |||
| HPCI | = | Highest Town PCI | |||
| POP | = | Total Population (U.S. Bureau of the Census) | |||
The determination of AENGLC is computed as follows: | |||||
|
ENGL Population | X |
PCI HPCI | ||
| II. Data Element Source Year(s) Used in AENGLC | ||||
| ENGL | Per Capita Income (PCI) | Population | ||
|---|---|---|---|---|
| AENGLC 1997-1998 | 1993 | 1989 | 1994 | |
| AENGLC 1998-1999 | 1994 | 1989 | 1994 | |
| AENGLC 1999-2000 | 1995 | 1989 | 1996 | |
| AENGLC 2000-2001 | 1996 | 1989 | 1996 | |
| AENGLC 2001-2002 | 1997 | 1989 | 1998 | |
| AENGLC 2002-2003 | 1998 | 1989 | 1999 | |
| AENGLC 2003-2004 | 1999 | 1989 | 2000 | |
| AENGLC 2004-2005 | 2000 | 1999 | 2000 | |
| AENGLC 2005-2006 | 2001 | 1999 | 2002 | |
| AENGLC 2006-2007 | 2002 | 1999 | 2003 | |