The bill amends the State School Aid Act of 1979 by updating Section 11 to appropriate funds for public schools and related educational purposes for the fiscal years ending September 30, 2025, and September 30, 2026. For the fiscal year 2025, the bill allocates a total of $17,769,551,300 from the state school aid fund, along with additional amounts from various funds, including the general fund and community district education trust fund. For the fiscal year 2026, it appropriates $65,000,000 from the state school aid fund and minimal amounts from other funds, with the remaining balances estimated at $100.

Additionally, the bill specifies that all available federal funds are appropriated for both fiscal years, and it clarifies that general fund allocations not expended by the end of the fiscal year will be transferred to the school aid stabilization fund. The language also emphasizes that general fund money must be spent before utilizing funds from the state school aid fund. The bill includes new insertions to reflect these appropriations and changes, while deleting the singular reference to "year" in favor of "years" to encompass both fiscal periods.

Statutes affected:
Senate Introduced Bill: 388.1611