Relating to State School Fund adjustments for children in poverty; declaring an emergency.

SB 401 adjusts Oregon's school funding formula to provide additional state support for school districts serving students from poverty backgrounds. It adds a 0.5 weighting factor to the calculation of a district's "weighted average daily membership" (ADMw) for each student identified as living in a poverty family, based on U.S. Census data and school district reports. This change increases state funding for districts with higher concentrations of students in poverty, effective for the 2025-2026 school year. The bill directly affects Oregon public school districts that enroll students from poverty families, as it modifies how their state school fund distributions are calculated.