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 for determining the state's share of foundation education aid. The new language specifies that the state's share will consider a district's revenue-generating capacity and the concentration of high-need students.

Additionally, the bill introduces a change to the poverty loss stabilization fund, increasing the percentage of aid provided to districts experiencing a decline in their state share ratio from fifty percent (50%) to seventy-five percent (75%). This adjustment aims to provide greater financial support to districts facing significant drops in funding due to changes in their state share ratio. The act will take effect upon passage.

Statutes affected:
5749: 16-7.2-4