The bill SB1495 introduces a new state student funding formula (SSF formula) for calculating equalization assistance for charter schools and eligible school districts, replacing the previous methods that included charter additional assistance (CAA) and base support level (BSL). The SSF formula specifies per-student assistance amounts of $2,025.29 for preschool and grades K-8, and $2,360.44 for grades 9-12. It allows school districts to opt into this new funding structure under certain conditions, such as the absence of overrides or specific debt obligations, and modifies the equalization assistance for those districts by replacing district additional assistance (DAA) with state additional assistance (SAA).
Additionally, the bill amends the language regarding legislative committee chairpersons, changing "chairperson" to "chairpersons" for specific committees, and clarifies the process for adopting state budgets by removing the phrase "Notwithstanding any other law." It also establishes new qualifying tax rates for school districts based on their funding formulas for the tax years 2022 and 2023, with differentiated rates for high school and unified school districts. Overall, the bill aims to streamline funding processes, enhance financial support for charter schools and eligible districts, and provide clearer guidelines for tax rates.
Statutes affected: Introduced Version: 15-185, 15-808, 15-901, 15-901.04, 15-924, 15-947, 15-971, 15-992, 15-2402, 41-1276, 15-943, 15-941, 2015-2016, 2016-2017, 15-1042, 15-855, 15-973, 15-823, 15-308, 15-183, 15-512, 42-5029, 42-5029.02, 37-521, 15-792.02, 15-481, 15-482, 15-401, 15-402, 16-204, 15-910, 15-946, 15-949, 15-954, 15-995, 41-5741, 15-961, 15-391, 15-393, 15-701.01, 15-901.08, 15-447.01, 15-797, 15-495, 15-816.01, 15-761, 15-902.04, 2020-2021, 2021-2022, 2022-2023, 15-944, 15-765, 15-751, 15-752, 15-753, 15-501, 15-771, 15-945, 15-943.01, 15-976, 15-825, 15-1204, 15-905, 15-825.01, 15-974, 15-910.01, 15-964, 15-447, 15-994, 15-255, 15-904, 15-766, 15-767, 35-173, 15-972, 15-907, 42-16213, 42-17151, 15-2403, 15-2401, 28-9551, 15-802, 35-190, 35-113
Senate Engrossed Version: 15-185, 15-808, 15-901, 15-901.04, 15-924, 15-947, 15-971, 15-992, 15-2402, 41-1276, 15-943, 15-941, 2015-2016, 2016-2017, 15-1042, 15-855, 15-973, 15-823, 15-308, 15-183, 15-512, 42-5029, 42-5029.02, 37-521, 15-792.02, 15-481, 15-482, 15-401, 15-402, 16-204, 15-910, 15-946, 15-949, 15-954, 15-995, 41-5741, 15-961, 15-391, 15-393, 15-701.01, 15-901.08, 15-447.01, 15-797, 15-495, 15-816.01, 15-761, 15-902.04, 2020-2021, 2021-2022, 2022-2023, 15-944, 15-765, 15-751, 15-752, 15-753, 15-501, 15-771, 15-945, 15-943.01, 15-976, 15-825, 15-1204, 15-905, 15-825.01, 15-974, 15-910.01, 15-964, 15-447, 15-994, 15-255, 15-904, 15-766, 15-767, 35-173, 15-972, 15-907, 42-16213, 42-17151, 15-2403, 15-2401, 28-9551, 15-802, 35-190, 35-113