Monday, January 24, 2011

Financial Facts

Q-Comp is funded by state at a rate of $169 per student with our district having the option to levy an additional $91 per student.  That local levy will translate into $37 per year per average household (the average home value in our area is $200,000).  Q-Comp funds can only be used for the costs of plan, with no more than 5% being administrative costs.  We developed our budget assuming that every participant will receive the full financial incentive.  The entire cost of a program of this size will be about ten million dollars.