School finance-model recalibration-2.
What changed between versions
Added $920,000 appropriation for the select committee operations, including salaries, mileage, and per diem for committee members and consultants.
Added $52,300,000 appropriation for external cost adjustments to the education resource block grant model, effective for school year 2025-2026.
Increased committee funding from $800,000 to $920,000 and added provisions for committee member compensation under state law.
Added specific cost adjustment percentages: 8.5% for professional labor, 8.5% for nonprofessional labor, 1.067% for educational materials, and -6.285% for energy costs.
Added provision requiring department of education, school districts, and other agencies to collect and provide information to the select committee.
Added specific effective date of July 1, 2025 for the external cost adjustment appropriation, ending June 30, 2026.