The bill amends the Education Code to update the basic allotment and guaranteed yield under the Foundation School Program. Specifically, it increases the allotment per student in average daily attendance from $6,160 to $7,564. This change is reflected in Section 48.051(a), where the new allotment amount is inserted into the formula used to calculate the funding a district is entitled to receive. Additionally, Section 48.202(a-1) is amended to ensure that the guaranteed level of state and local funds per weighted student is also based on the new allotment amount of $7,564, replacing the previous figure of $6,160.

The bill aims to enhance funding for school districts by adjusting the financial formulas that determine the allotment and guaranteed yield, thereby providing more resources for education. The changes will take effect on September 1, 2025, allowing districts to prepare for the new funding structure.

Statutes affected:
Introduced: Education Code 48.051 (Education Code 48)