Bill > H7421

This bill amends existing law to increase transparency regarding school district costs by requiring the Department of Revenue, in partnership with local education agencies (LEAs), to produce a report detailing expenses that are only partially covered or not covered at all by state funding. This report, which will identify these partially funded or unfunded school district costs, must be shared with the General Assembly, the offices of the Speaker of the House and the Senate President, and the Governor for their use when developing the state budget proposal. Additionally, the report will be made publicly available on the state's transparency portal, ensuring greater public access to this financial information. The bill also makes a minor technical change to existing law regarding the distribution of reimbursements for state-mandated costs, changing "may" to "shall" to indicate a mandatory action. This act will become effective immediately upon its passage.

Education

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