Bill > S289

This bill proposes to amend existing law to provide financial incentives, referred to as "regional bonus aid," to newly formed regional school districts. Specifically, it will allow these districts, established after fiscal year 1993, to receive this bonus aid for the first five years after their creation. The amount of this aid is calculated based on "foundation enrollment," which is a measure of the number of students a district is expected to serve, and it decreases each year over the five-year period, starting at $100 per student in the first year and dropping by $20 annually until it reaches $20 per student in the fifth year. This provision aims to support the financial transition of these newly consolidated school districts.