Bill > SF167

This bill modifies several aspects of school funding for Iowa, focusing on the state percent of growth and property tax replacement payments for the budget year beginning July 1, 2025. Specifically, the bill establishes the state percent of growth at two percent and the categorical state percent of growth at two percent, with an exception for transportation equity fund calculations, which will use a five percent growth rate. The bill adjusts property tax replacement payment calculations for school districts, increasing the per-pupil replacement amount by adding a fixed dollar amount. Additionally, the legislation modifies supplementary weighting for shared operational functions, increasing the maximum additional weighting from twenty-one to twenty-five pupils for budget years beginning on or after July 1, 2025. The bill also introduces a small increase of five dollars to the regular program state cost per pupil for the 2025 budget year, returning to the base calculation for subsequent years. These changes aim to provide financial adjustments for school districts' operational and funding needs, with most provisions taking effect immediately upon enactment.

Education (Senate)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF167