This bill establishes an "educator supplement for all fund" to be administered by the Department of Education, aimed at increasing compensation for school district employees, including teachers and teaching assistants. Specifically, it mandates that school districts pay an additional $5,000 annually to employees with a license, endorsement, certification, authorization, or statement of recognition from the Board of Educational Examiners (BOEE), provided they have been employed for at least one year and completed any conditional employment periods. However, this additional payment does not apply to employees holding an administrator license. Additionally, teaching assistants are to receive an extra amount equal to 10% of their current annual salary.

The bill also outlines the process for funding these compensation increases, requiring the Department of Education to distribute necessary funds to school districts from the newly established educator supplement fund. For the fiscal year starting July 1, 2025, and for each subsequent year, the bill appropriates the necessary amount from the state’s general fund to ensure compliance with these compensation requirements.