The bill amends Section 16-7.2-6 of the General Laws under "The Education Equity and Property Tax Relief Act" to increase state funding for educational programs, specifically targeting areas such as special education, career and technical education, high-quality pre-kindergarten access, and transportation for students attending out-of-district non-public schools. New provisions establish a Stabilization Fund for Central Falls, Davies, and the Met Center, ensuring adequate funding for their students while outlining shared funding responsibilities between the state and Central Falls. Additionally, the bill introduces a regionalization bonus for public school districts that have undergone regionalization, detailing the state aid they will receive in the initial two fiscal years post-regionalization. A specific provision has been deleted from the current law, indicating a shift in funding priorities.

Furthermore, the bill allocates additional state funding for the mental and behavioral health of students, amounting to 2% of a school district's total expenditures, aimed at hiring and retaining essential staff such as social workers and counselors. To qualify for this funding, districts must meet certain criteria, including maintaining recommended student-to-staff ratios and having supportive policies for students with escalated behaviors. The Department of Elementary and Secondary Education is tasked with overseeing the distribution of these funds. The bill also allows for state reimbursement for half the costs associated with school resource officers in public middle and high schools, with specific eligibility requirements based on enrollment. Overall, the bill reflects a commitment to enhancing educational equity and prioritizing student well-being alongside safety measures.