A bill for an act relating to 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, modifying provisions relating to the regular program state cost per pupil and funding for shared operational functions, and including effective date provisions.

State percent of growth for the budget year beginning July 1, 2025, is set at 2%, replacing previous percentages that varied by year.

Categorical state percent of growth for the budget year beginning July 1, 2025, is set at 2%, affecting supplemental aid for categorical funding supplements.

Property tax replacement payment calculations were updated to use a formula based on weighted enrollment multiplied by a per-pupil amount calculated from state cost per pupil and foundation base percentages.

New effective date provision states the act takes effect upon enactment due to its immediate importance.

Future state percent of growth for budget years after 2025 must be established by statute enacted within 30 days of the governor's budget transmission.

Removed the Governor's signature block, date, and transmittal letter that accompanied the bill when it was signed into law.

Removed decorative page elements, watermarks, and formatting artifacts that were present in the PDF version but not in the official enrolled text.

Reformatted the bill title and division headers from a multi-line layout to a standard single-line format for clarity.