The bill amends Section 16-7.2-4 of the General Laws under "The Education Equity and Property Tax Relief Act" to update the calculation of the state's share of foundation education aid for school districts. The new calculation will increase the percentage of aid provided to districts experiencing a decline in their state share ratio from 50% to 75% of the difference in permanent foundation education aid received in the prior year. This change aims to provide greater financial support to districts facing challenges due to changes in their state share ratios. The act will take effect upon passage.

Statutes affected:
5749: 16-7.2-4