Senate Bill 341 proposes changes to the timing of equalization aid payments to school districts in Wisconsin. Currently, the Department of Public Instruction distributes equalization aid in four installments: 15% in September, 25% in December, 25% in March, and 35% in June. The bill aims to gradually adjust these percentages by increasing the September payment by 2 percentage points each school year while decreasing the June payment by the same amount. By the 2029-30 school year, both September and June payments will be equalized to 25%, resulting in four equal installments of 25% each.

The bill includes specific legal amendments, such as the repeal of certain subsections of the current law regarding aid distribution and the creation of new subsections that outline the adjusted payment percentages for each school year from 2025-26 through 2029-30. The changes are designed to provide a more balanced distribution of aid throughout the school year, ultimately benefiting school districts by ensuring they receive equal payments. The effective date for these changes is set for July 1, 2030, for the renumbering and repeal provisions.