Bill > SB518

This bill amends the Public School Code of 1949 to change the fiscal year for first class school districts from starting on January 1 to starting on August 1, and for second, third, and fourth class school districts from starting on July 1 to starting on August 1. It also modifies the timelines for submitting to mediation and fact-finding panels in collective bargaining negotiations for school entities, shifting the deadlines from June 30 to July 31 or December 31, depending on the entity's fiscal year end. The amendments apply starting in the 2024-2025 fiscal year, and the bill takes effect 60 days after passage.