The bill seeks to alleviate the financial burden of increased utility costs on schools resulting from the Washington climate commitment act by amending existing laws related to the climate commitment account and school funding allocations. It introduces a new provision that allows for allocations under RCW 28A.150.260(8) specifically aimed at offsetting these utility costs and related environmental regulatory burdens. This measure is designed to help schools manage the financial impacts of climate initiatives while maintaining essential educational services.

Additionally, the bill establishes new minimum allocations for school districts, starting in the 2026-27 school year, which includes a base allocation of $1,614.28 per full-time equivalent student, adjusted annually for inflation, along with an extra allocation for high school students and a new allocation specifically for increased utility costs. The bill also mandates that these funds be used for designated purposes and includes provisions for supplemental instruction for students not meeting academic standards. It emphasizes biennial reviews of the funding distribution formula by the superintendent and governor, with potential adjustments subject to legislative approval, and these new provisions will take effect on September 1, 2026.

Statutes affected:
Original bill: 70A.65.260, 28A.150.260