Bill > SB46

This bill makes several significant changes to education funding mechanisms in Alaska. It modifies how state aid for public schools is calculated, replacing the previous method with a new approach that distributes state aid based on each district's proportional share of the state's total adjusted average daily membership (ADM). The bill removes references to the Public Education Fund and instead allows the legislature to directly appropriate funds for public school education. It introduces a new requirement for the governor to adjust public school education appropriations for inflation twice annually and report these adjustments, providing more transparency in education funding. The bill also simplifies various funding calculations for school districts, correspondence study programs, and state boarding schools, removing complex existing formulas and replacing them with more straightforward appropriation-based funding. Additionally, the bill repeals several existing statutes related to the previous education funding system and includes provisions to ensure the changes apply only to contracts becoming legally binding on or after the effective date of July 1, 2025. The overall intent appears to be streamlining and modernizing the state's approach to public education funding.

Education

https://www.akleg.gov/basis/Bill/Detail/34?Root=SB46