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
In Committee
01/17/2025
Crossed Over
05/21/2025
Passed
06/05/2025
Dead
Signed/Enacted/Adopted
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)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location
State Bill Page https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=58984
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB303.pdf
Fiscal Note for LB303 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB303_20250529-133246.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB303.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Engrossed/LB303.pdf
Enrollment and Review ST47 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ST47.pdf
Ballard AM1602 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1602.pdf
Cavanaugh, M. FA322 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA322.pdf
Cavanaugh, M. MO320 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO320.pdf
Hughes MO312 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO312.pdf
Hughes MO311 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO311.pdf
Hughes MO310 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO310.pdf
Andersen AM1612 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1612.pdf
Enrollment and Review ER91 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ER91.pdf
Hallstrom AM1613 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1613.pdf
Hallstrom AM1610 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1610.pdf
Hughes AM1594 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1594.pdf
Hughes AM1593 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1593.pdf
Fiscal Note for LB303 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB303_20250522-111530.pdf
Education AM1350 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1350.pdf
Analysis - Committee Statement https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB303.pdf
Fiscal Note for LB303 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB303_20250207-124904.pdf
Analysis - Statement of Intent https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB303.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB303.pdf
Loading...