Bill
Bill > LB303
NE LB303
Create the School Financing Review Commission and change provisions relating to budget authority under the Tax Equity and Educational Opportunities Support Act
summary
Introduced
01/15/2025
01/15/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
05/21/2025
05/21/2025
Passed
06/05/2025
06/05/2025
Dead
Signed/Enacted/Adopted
06/05/2025
06/05/2025
Introduced Session
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to education; to amend section 79-1028.01, Reissue Revised Statutes of Nebraska; to create the School Financing Review Commission; to provide duties; to change provisions relating to the ability of a school district to exceed its budget authority for the general fund budget of expenditures under the Tax Equity and Educational Opportunities Support Act; to repeal the original section; and to declare an emergency.
AI Summary
This bill creates the School Financing Review Commission, a new 18-member body tasked with studying and providing recommendations about school funding in Nebraska. The commission will include representatives from education, government, schools, business, and agriculture, with members appointed by the Governor and the Legislative Council. The commission's key responsibilities include evaluating the current school funding formula, reviewing its resources and needs sides, analyzing the impact of education funding on student achievement and outcomes, and studying how funding affects students with high needs. The commission will be required to prepare an annual report by December 1st each year, starting in 2025, detailing its observations and recommendations. Additionally, the bill modifies existing law to provide some flexibility in school district budget authority, specifically allowing certain expenditures to be excluded from budget calculations, such as retirement contributions and special grants. The commission will be administratively housed within the State Department of Education and will meet at least quarterly, with members receiving expense reimbursement but no direct compensation. The bill includes an emergency clause, meaning it will take effect immediately upon passage.
Committee Categories
Education
Sponsors (1)
Last Action
Approved by Governor on June 4, 2025 (on 06/05/2025)
Official Document
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