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

This bill modifies the Education Equity and Property Tax Relief Act by removing the cap that limits reductions to local per-pupil funding for charter schools at 14% starting in fiscal year 2026. It directly affects charter public schools, the William M. Davies Jr. Career and Technical High School, and the Metropolitan Regional Career and Technical Center, as well as the school districts that host their students. Under the current law, districts can reduce funding by up to 14% to offset costs like non-public textbooks and retiree health benefits, but this measure would allow for reductions exceeding that percentage once the fiscal year 2026 limit expires. The legislation also outlines how enrollment changes and state share calculations are handled and specifies that districts failing to make required payments could face withholding of state aid.