This bill amends the current law regarding the cost of providing an opportunity for an adequate education by updating the financial figures associated with educational funding. Specifically, it changes the biennium period from July 1, 2023, to July 1, 2027, and increases the annual cost per pupil from $4,100 to $4,438. Additionally, it adjusts the differentiated aid for various categories of students: the amount for pupils eligible for free or reduced-price meals increases from $2,300 to $2,441; aid for English language learners rises from $800 to $866; and support for pupils receiving special education services increases significantly from $2,100 to $3,203.

The bill aims to ensure that the funding provided for education keeps pace with inflation and the rising costs of educational services. The effective date of the act is set for 60 days after its passage, although the fiscal impact of the bill is currently undetermined as the Office of Legislative Budget Assistant is awaiting further information from the Department of Education.

Statutes affected:
Introduced: 198:40-a
HB1826 text: 198:40-a