The bill amends the Public School Funding Act of 2003 to update the per-student foundation funding amounts for the 2023-2024 and 2024-2025 school years. Specifically, it changes the foundation funding amount for the 2023-2024 school year from $7,182 to $8,195 and for the 2025-2026 school year from $7,413 to $8,370. These amounts are calculated based on the school district's average daily membership from the previous school year.

Additionally, the bill introduces a provision that mandates the Department of Education to advise public school districts to pay a minimum hourly rate of $15.00 for all classified employees starting in the 2023-2024 fiscal year. This rate will be adjusted annually based on the growth percentage of the Consumer Price Index, ensuring that classified staff compensation keeps pace with inflation.

Statutes affected:
SB 149: 6-20-2305(a)