Bill > SSB1053

Introduced Session

This bill relates to school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2025, and modifying provisions relating to the property tax replacement payments. The bill establishes a state percent of growth of 2 percent for the budget year beginning July 1, 2025. The state percent of growth is used to calculate the amount of supplemental state aid for a budget year as part of the state school foundation program. The bill also establishes a categorical state percent of growth of 2 percent for the budget year beginning July 1, 2025. The categorical state percent of growth is generally used to calculate the amount of supplemental state aid for each of the categorical funding supplements. Code section 257.16B provides for school district property S.F. _____ tax replacement payments. For each budget year beginning on or after July 1, 2024, the amount of each school district’s property tax replacement payment is the product of the school district’s weighted enrollment for the budget year multiplied by the per pupil property tax replacement amount for the budget year. The per pupil property tax replacement amount for budget years beginning on or after July 1, 2024, is equal to the sum of $153 plus the difference between the following: (1) the regular program state cost per pupil for the budget year beginning July 1, 2024, multiplied by 100 percent less the regular program foundation base per pupil percentage; and (2) the regular program state cost per pupil for the budget year beginning July 1, 2021, multiplied by 100 percent less the regular program foundation base per pupil percentage. The bill modifies the property tax replacement payment calculation for budget years beginning on or after July 1, 2025. For budget years beginning on or after July 1, 2025, the amount of each school district’s property tax replacement payment is the product of the school district’s weighted enrollment for the budget year multiplied by the per pupil property tax replacement amount for the budget year. The per pupil property tax replacement amount for budget years beginning on or after July 1, 2025, is equal to the sum of $153 plus the difference between the following: (1) the regular program state cost per pupil for the budget year beginning July 1, 2025, multiplied by 100 percent less the regular program foundation base per pupil percentage; and (2) the regular program state cost per pupil for the budget year beginning July 1, 2021, multiplied by 100 percent less the regular program foundation base per pupil percentage. The regular program foundation base per pupil percentage is 88.4 percent. The bill takes effect upon enactment.

Committee Categories

No sponsors listed

Other Sponsors (1)

Committee report approving bill, renumbered as SF 167. (on 01/30/2025)

Official Document