The resolution proposes an interim study to evaluate the financing of public education in Nebraska, specifically through the Tax Equity and Educational Opportunities Support Act formula. The goal is to develop recommendations for enhancing school funding, with a focus on increasing state aid to reduce reliance on property taxes. The study will address issues of fairness and equity for students across the state, assess the efficiency and effectiveness of tax resources in education, and ensure stability in funding for school districts, especially during economic fluctuations.

The Education Committee of the Nebraska Legislature is tasked with conducting this interim study. Upon completion, the committee is required to report its findings and recommendations to the Legislative Council or the Legislature, aiming to improve the overall funding structure for public education in the state.