This bill proposes a special appropriation to the Department of Education and Early Development, ensuring that the base student allocation for public education remains consistent with the funding level established for fiscal year 2025. Specifically, it allocates $6,640 per student, as determined by the public school funding formula, to support state aid for public schools for the fiscal year ending June 30, 2026. The funds will be distributed as grants to school districts based on their average daily membership, adjusted according to specified criteria.
The bill also stipulates that the appropriation will take effect on July 1, 2025, aligning the funding with the start of the fiscal year. This legislative action aims to maintain stable funding for public education in Alaska, ensuring that school districts can adequately support their students and educational programs.