SDE: Adjusted Equalized Net Grand List per Capita (AENGLC) Wealth

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Adjusted Equalized Net Grand List per Capita (AENGLC) Wealth

I.   Overview
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

The latest state reimbursement percentages are available at http://www.csde.state.ct.us/public/dgm/grantreports1/ReimbPercSelect.aspx

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
AENGLC 2007-2008
2003
1999
2004
AENGLC 2008-2009
2004
1999
2005
AENGLC 2009-2010
2005
1999
2006
AENGLC 2010-2011
2006
1999
2007
AENGLC 2011-2012 2007 1999 2008
AENGLC 2012-2013 2008 2009 2009
AENGLC 2013-2014 2009 2010 2010
AENGLC 2014-2015 2010 2011 2011

Any questions concerning this information should be directed to Kevin Chambers at (860) 713-6455 or  kevin.chambers@ct.gov.




Content Last Modified on 12/17/2013 9:45:52 AM