This bill amends Section 20-9-306 of the Montana Code Annotated (MCA) to apply inflationary adjustments to various components of the school funding formula. Key changes include updated monetary amounts for the basic entitlement, total per-ANB entitlement, and other funding categories for fiscal years 2024 and 2026, with specific increases noted for each category. For instance, the basic entitlement for high school districts will increase from $353,787 in fiscal year 2024 to $364,401 in fiscal year 2026, and the total quality educator payment will rise from $3,673 to $3,783 during the same period. Additionally, the bill introduces new figures for the special education allocation, increasing it from $302.55 in fiscal year 2026 to $311.63.

The bill also specifies that it will take effect on July 1, 2025, and will apply to school fiscal years beginning on or after that date. This legislative change aims to ensure that school funding keeps pace with inflation, thereby supporting the financial needs of educational institutions in Montana.

Statutes affected:
LC Text: 20-9-306
HB0015_1(1): 20-9-306
HB0015_1(2): 20-9-306
HB0015_1(3): 20-9-306
HB0015_1(4): 20-9-306
HB0015_1(5): 20-9-306
HB0015_1(6): 20-9-306
HB0015_1(7): 20-9-306
HB0015_1(8): 20-9-306
HB0015_1: 20-9-306
HB0015_2: 20-9-306
HB0015_X(1): 20-9-306
HB0015_X(10): 20-9-306
HB0015_X(11): 20-9-306
HB0015_X(12): 20-9-306
HB0015_X(13): 20-9-306
HB0015_X(14): 20-9-306
HB0015_X(2): 20-9-306
HB0015_X(3): 20-9-306
HB0015_X(4): 20-9-306
HB0015_X(5): 20-9-306
HB0015_X(6): 20-9-306
HB0015_X(7): 20-9-306
HB0015_X(8): 20-9-306
HB0015_X(9): 20-9-306
HB0015_X: 20-9-306