Senate Concurrent Resolution No. 121 calls for a comprehensive review and modernization of Idaho's public school funding formula, which has not been significantly updated since 1994. The resolution emphasizes the need for the funding formula to reflect contemporary educational practices and the diverse needs of students, including those with special requirements. It highlights the importance of stable and transparent funding to ensure equitable access to quality education across various school types and geographic locations.

The resolution requests that the Idaho State Superintendent of Public Instruction collaborate with key stakeholders, including the Legislature, the Governor's office, and educational institutions, to develop and present draft legislation for a revised funding formula. This new formula should align with constitutional obligations, improve student outcomes, provide predictability and stability in funding, and address the varying needs of students and educational delivery systems. The Superintendent is tasked with presenting this draft legislation and a financial analysis to the Joint Finance-Appropriations Committee in preparation for legislative consideration.