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 key areas such as fairness and equity for students across the state, the efficiency of tax resource utilization for education, and the stability of funding for school districts 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, ensuring that the insights gained from the study can inform future policy decisions regarding public education funding in Nebraska.