amend definitions pertaining to the school funding formula.
What changed between versions
Updated the definition of 'fall enrollment' to exclude certain nonresident students and students receiving education under specific provisions, while including students for whom districts pay tuition.
Established specific target teacher ratio factors based on district enrollment size: 12 for districts with 200 or fewer students, 15 for districts with 600 or more students, and a calculated factor for districts between 200 and 600 students.
Set a specific target teacher salary of $62,045.62 for the fiscal year beginning July 1, 2024, with future years adjusted by the consumer price index or 3%, whichever is less.
Clarified that fall enrollment used for teacher ratio determinations excludes students residing in residential treatment facilities when education is operated by the school district.
Adjusted the calculation of local need by incorporating English learner adjustments and updating the formula to account for overhead rates and target teacher compensation.