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 consider both 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 50% to 75% of the difference in permanent foundation education aid received in the prior year. This adjustment aims to provide greater financial support to districts facing significant challenges due to declining state share ratios. The act will take effect upon passage.

Statutes affected:
5749: 16-7.2-4