Bill > S0190

This bill modifies the state's education funding formula to provide additional financial support for local educational agencies with a high percentage of students from low-income families. Specifically, the bill changes the "student success factor" - a component of the foundation education aid calculation - to 50% of the core instruction per-pupil amount when over 45% of children in a local educational agency have a family income at or below 185% of federal poverty guidelines. Previously, this factor was set at 40%. The bill aims to provide more resources to school districts with a significant proportion of economically disadvantaged students by increasing the per-pupil funding allocation for these children. The change is part of the state's Education Equity and Property Tax Relief Act, which seeks to ensure more equitable funding across different school districts based on student needs. The bill also includes provisions for the Department of Elementary and Secondary Education to develop more accurate methods of identifying low-income students and reporting on the implementation of this funding approach. The act will take effect immediately upon its passage.

Budget and Finance

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