Do districts get reimbursed fully for the cost of busing students?

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No, it is not even close. In the case of AISD, we get reimbursed $1.25 per mile based on the states allotment formula, and this allotment formula hasn't changed in over 20 years. The actual cost today of purchasing buses, bus maintenance, transportation salaries, equipment, and fuel comes to approximately $5.31 per mile.