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, 2026, modifying provisions relating to property tax replacement payments, transportation equity aid funding, funding for school district budget adjustments, and school district enrollment, establishing an education support personnel salary supplement, making appropriations, and including effective date and applicability provisions.
What changed between versions
The effective dates for calculating the 'state percent of growth' and 'categorical state percent of growth' were changed from July 1, 2024, to July 1, 2026.
The specific percentage rates for state growth funding were adjusted; for example, the state percent of growth for the budget year beginning July 1, 2026, is now set at 1.75%.
The formula for calculating property tax replacement payments was modified to use the 'regular program state cost per pupil' instead of the previous 'per pupil property tax replacement payment' baseline.
The cap on transportation equity aid payments was removed or restructured, and the calculation for these payments was changed to include the regular program state cost per pupil.
The requirement for the legislature to enact statutes establishing future growth percentages was updated to align with the new February 1 deadline for the governor's budget transmission.
The section title regarding 'Education Support Personnel Salary Supplement' was changed to 'School District Enrollment,' indicating a shift in the focus of that division.