House Concurrent Resolution No. 24RS-474, introduced by Representative Schlegel, seeks legislative approval for the Minimum Foundation Program (MFP) formula for the fiscal year 2024-2025, as developed by the State Board of Elementary and Secondary Education. The MFP formula is designed to determine the cost of a minimum foundation program of education for all public elementary and secondary schools in Louisiana, ensuring equitable allocation of funds across various school systems, including city and parish schools, charter schools, and specialized institutions. The formula, adopted on March 6, 2024, incorporates multiple levels of calculations that consider educational costs, local revenue contributions, and specific funding needs, with a focus on addressing the diverse requirements of students, such as those from low-income backgrounds or those requiring special education services.

The resolution also outlines a comprehensive funding structure, including Level 4 Supplementary Allocations, which address specific needs within public school systems, such as support for International Language Associates, career development, and high-cost services for students with disabilities. It provides for pay raises for both certificated and non-certificated personnel over three fiscal years, along with differentiated compensation to attract and retain teachers in critical shortage areas. Additionally, funding mechanisms for various types of schools, including laboratory schools and charter schools, are detailed, ensuring that allocations are responsive to student enrollment changes. Overall, the resolution aims to create a fair and effective framework for funding public education in Louisiana, enhancing support for both students and educators.