House Bill No. 466, introduced by Representative Carlson, mandates that public school systems in Louisiana provide a permanent salary increase for teachers and other school employees. Specifically, certificated personnel are to receive a minimum increase of $2,000, while noncertificated personnel will receive at least $1,000. The funding for these salary increases and related benefits must come from the net savings realized by the school systems due to a reduction in their employer contribution rate, which is attributable to the state's payment of certain unfunded accrued liabilities of the Teachers' Retirement System of Louisiana. If the savings are insufficient to cover the full salary increases, the remaining funds will be allocated through the minimum foundation program formula.

Additionally, the bill outlines that any excess savings beyond what is needed for the salary increases can only be used for specific purposes, including hiring personnel in critical shortage areas, funding summer enrichment programs, supporting early childhood education initiatives, and enhancing school security. The bill will take effect following the adoption of a proposed amendment to Article VII of the Louisiana Constitution at a statewide election.