AN ACT RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX RELIEF ACT

HB 5282, titled "The Education Equity and Property Tax Relief Act," amends how the state calculates funding for special education services provided by local school districts. The bill redefines "extraordinary costs" for individual special education students, which are expenses above a certain threshold. It gradually lowers this financial threshold over three fiscal years, starting in FY 2027, making more special education costs eligible for state reimbursement sooner. The Department of Elementary and Secondary Education will also collect data on various cost thresholds.