Increasing local effort assistance to align with enrichment levies.

HB 2562 increases state funding for school districts that collect local enrichment levies, adjusting the target rate from $1.50 to $2.50 per $1,000 of property value. It calculates state assistance based on a district’s actual levy rate relative to this $2.50 target, with a per-student funding threshold of $3,838 (adjusted for inflation starting in 2027). The bill directly affects public school districts and state-tribal education compact schools, ensuring state support aligns with local levy efforts. It takes effect January 1, 2027, and does not count toward the state’s constitutionally required basic education funding.