Those factors aside, however, Sanders insisted the Evidence-Based Funding formula is serving its purpose. “Every school district has received more school funding each year since EBF was enacted,” he said Friday during a media briefing about the numbers. The revenue is collected by the state but distributed to local units of government, including school districts, that used to receive personal property tax revenue. That matters under the EBF formula, he said, because students from low-income households typically need more resources and therefore cost more to educate. Moving targetSanders said the EBF formula is designed to take into account changing circumstances like rising costs and demographic shifts.