SCHOOLS/FINANCE-MFP: Provides for legislative approval of the MFP formula for FY 2026-2027 (OR -$12,159,331 GF EX See Note)

This bill approves a state funding formula for public schools in Louisiana for the 2026-2027 fiscal year, which determines how much money each school district receives based on student needs and local financial capacity. The formula calculates funding through four levels: a base amount based on student enrollment and special needs like poverty or disabilities, an incentive for districts to exceed minimum requirements, specific allocations for staff pay raises and mandated costs, and additional funds for specialized programs and charter schools. The legislation applies to city and parish school systems, various types of charter schools, and state university lab schools, ensuring funds are used only for educational purposes such as instruction, staff salaries, and facility maintenance.