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Bill > S2569


RI S2569

RI S2569
Changes the formula to determine the state's share of educational cost by adding 3 new variables to the formula.


summary

Introduced
03/01/2024
In Committee
03/01/2024
Crossed Over
Passed
Dead
06/30/2024

Introduced Session

2024 Regular Session

Bill Summary

This act would change the formula to determine the state's share of educational cost by adding 3 new variables to the formula. This act would take effect upon passage.

AI Summary

This bill changes the formula to determine the state's share of educational cost by adding 3 new variables to the formula. The new formula will be used to calculate the state's share of education funding starting July 1, 2024 and thereafter. The bill also includes provisions related to the recalculation and realignment of aid payments to local education agencies if errors are found in the original calculations.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

Committee recommended measure be held for further study (on 04/23/2024)

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