Community School Funding Formula Revision Act

HB 3050, the "Community School Funding Formula Revision Act," requires the West Virginia Department of Education (WVDE) to review school closures and consolidations considered during the current year and the previous four fiscal years. Within 180 days of the bill's passage, WVDE must propose changes to the School Aid Formula intended to prevent at least 80% of closures that were due to financial or operational reasons. The bill mandates this review process to address the root causes of school closures without altering existing funding allocations, directly affecting how state education funding is evaluated and adjusted. It aims to stabilize school districts by modifying the funding formula to prevent future closures based on financial challenges.