A bill for an act relating to public school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2025, modifying provisions relating to the property tax replacement payments and transportation equity payments, modifying provisions relating to the regular program state cost per pupil and funding for shared operational functions, establishing a school district funding supplement, making appropriations, and including effective date provisions.

This bill sets the state funding growth rate at 2.25% for Iowa's 2025 school budget year, directly affecting all public school districts in the state. It modifies how property tax replacement payments are calculated using student enrollment and previous funding formulas, while also adjusting transportation equity payments. The bill establishes a new school district funding supplement and updates the regular program state cost per student. These changes determine annual state contributions to schools for the 2025 budget cycle.