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, which may include increasing state aid to schools to alleviate reliance on property taxes and reduce their overall share in state and local tax structures. The study will focus on three main areas: ensuring fairness and equity for public school students across the state, assessing the efficiency and effectiveness of tax resource utilization for education, and ensuring 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, thereby providing a framework for potential improvements in the state's public education funding system.