The bill amends Section 16-7.2-3 of the General Laws under "The Education Equity and Property Tax Relief Act" to establish a permanent foundation education aid formula. This formula will calculate foundation education aid for each district based on a core instruction amount and additional support for high-need students. The core instruction amount will be derived from regional expenditure data and updated annually, while the support for high-need students will include a student success factor based on family income and a multilingual learner (MLL) factor.

Significantly, the bill introduces new provisions that include Medicaid enrollment in the student success factor starting with the FY 2027 calculation. The Department of Elementary and Secondary Education shall utilize a student's enrollment in Medicaid in calculations related to the application of the student success factor, the calculation of the state share ratio, and the formulation of estimates. The act will take effect upon passage.

Statutes affected:
2226: 16-7.2-3