This bill supplements or reduces appropriations otherwise provided for the support and operation of public education for the fiscal year beginning July 1, 2024, and ending June 30, 2025, and appropriates funds for the support and operation of public education for the fiscal year beginning July 1, 2025, and ending June 30, 2026. This bill: - requires the State Board of Education (state board) to:provide information necessary to calculate certain budgetary adjustments by a given date each year; andestablish certain budgetary data reporting requirements and deadlines; - allows the state board to adjust per-teacher amounts for classroom supplies and materials if ongoing funding is insufficient; - amends the state guarantee on local property tax levies to ensure that a hold harmless provision only applies in the case of a change in property valuation; - provides appropriations for the use and support of school districts, charter schools and state education agencies; - sets the value of the weighted pupil unit (WPU) initially at $4,674 for fiscal year 2025-2026; - Adjusts the number of weighted pupil units (WPUs) in certain programs for student enrollment changes and statutory formula calculations; - appropriates funds to the Uniform School Fund Restricted - Public Education Budget Stabilization Account; - Makes an appropriation from the Uniform School Fund Restricted - Trust Distribution Account to the School LAND Trust program to support educational programs in the public schools; - Adjusts the revenue targets and estimates tax rates for the statewide Basic Rate and WPU Value Rate according to statutory provisions; - provides appropriations for other purposes as described; and - approves intent language.

Statutes affected:
Enrolled: 53F-2-208, 53F-2-301, 53F-2-527, 53F-2-601
Introduced: 53F-2-208, 53F-2-301, 53F-2-527, 53F-2-601