BESE: Provides for legislative approval of the MFP formula for the 2025-2026 school year. (7/1/25) (OR +$49,880,040 GF EX See Note)

This bill (SCR 2) requires the Louisiana legislature to formally approve the funding formula developed by the State Board of Elementary and Secondary Education (BESE) for the 2025-2026 school year. It directly affects all public schools in Louisiana, including city/parish school systems, charter schools (Type 2 and 3B), special schools like LSMSA and NOCCA, and university lab schools. The formula uses four key calculations to allocate funds: Level 1 bases funding on student needs (with weighted counts for low-income, English Language Learner, and special education students), Level 2 offers incentives for local funding beyond minimums, Level 3 covers specific pay raises and mandated costs, and Level 4 provides supplementary funds for programs like career training and mid-year enrollment changes. The approval ensures the state’s education funding mechanism for the upcoming school year is legally authorized.