The bill aims to increase local effort assistance for school districts in Washington to better align with enrichment levies. It amends RCW 28A.500.015, establishing that starting in 2027, the state will provide funding to supplement school district enrichment levies. The annual local effort assistance funding will be calculated based on the school district's maximum local effort assistance and its actual enrichment levy rate, which has been adjusted from a previous cap of $1.50 to $2.50 per $1,000 of assessed value. Additionally, the bill introduces a new state local effort assistance threshold of $3,838.26 per student through 2030, which will be increased for inflation and enhancements, and will rise to $5,035 starting in 2031.

The bill also clarifies definitions related to eligible school districts and funding calculations, including adjustments for inflation and specific provisions for state-tribal education compact schools. It specifies that the local effort assistance funding is not part of the state's basic education program and outlines how student enrollments will be counted for funding purposes. The act is set to take effect on January 1, 2027.