Senate File 167 modifies provisions related to property tax replacement payments and funding for shared operational functions in Iowa's education system, effective for the budget year beginning July 1, 2025. The bill establishes a state percent of growth of two percent for that budget year, while the categorical state percent of growth is also set at two percent, except for the transportation equity fund, which will see a five percent increase. The bill amends the calculation of property tax replacement payments for school districts, ensuring that the per pupil property tax replacement amount is adjusted to reflect changes in the regular program state cost per pupil.

Additionally, the bill increases the maximum amount of supplementary weighting for school districts from twenty-one additional pupils to twenty-five pupils for budget years beginning on or after July 1, 2025. It also clarifies that supplementary weighting assigned for shared operational functions related to college and career transition counselors will not count toward this maximum. The provisions of the bill are deemed of immediate importance and take effect upon enactment.

Statutes affected:
Enrolled: 257.8, 257.11