Bill > HCR20

This concurrent resolution provides legislative approval for the formula developed by the State Board of Elementary and Secondary Education to determine the cost of a minimum foundation program of education for Louisiana's public elementary and secondary schools for the fiscal years 2026-2027, and to ensure fair distribution of these funds to city and parish school systems. The formula, adopted on March 11, 2026, is divided into four levels: Level 1 calculates the base cost of education per student, considering factors like student needs and local tax revenue capacity, and determines the state and local share of funding; Level 2 offers incentives for school systems that contribute more than the minimum local funding; Level 3 provides additional legislative funding for specific purposes such as pay raises for educators and support staff, historical formula allocations, and mandated operational costs; and Level 4 includes various supplementary allocations for specific needs like teacher stipends, career development, high-cost services for students with disabilities, and additional pay raises. The resolution also outlines procedures for preliminary and final allocations, payment schedules, and a requirement that at least 70% of a school system's general fund expenditures be dedicated to instruction and school administration.