Bill > HB122

This bill modifies Alaska's school funding regulations by changing how local contributions and school district funding are calculated. The bill removes the previous requirement for a mandatory 2.65 mill tax levy for city or borough school districts and instead allows these districts to make a local contribution of up to the greater of either a two mill tax levy on taxable property or a percentage of the district's basic need. The legislation also updates various technical aspects of school funding calculations, including how student enrollment (average daily membership or ADM) is adjusted for school size, consolidation, and decreases in student population. Additionally, the bill revises provisions related to charter school funding, ensuring they receive appropriate budget allocations based on enrolled students. The changes aim to provide more flexibility to local school districts in funding their educational programs while maintaining a structured approach to calculating state education support. The bill will take effect on July 1, 2025, giving school districts and state education administrators time to prepare for the new funding framework.

Education

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB122