The proposed bill, Senate Bill 341, aims to modify the timing and distribution percentages 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 seeks to gradually increase the September payment by 2 percentage points each school year while decreasing the June payment by the same amount until both reach 25% by the 2029-30 school year. This change is intended to create a more balanced distribution of aid throughout the school year.

To implement these changes, the bill repeals existing provisions regarding the distribution percentages and creates new sections that outline the adjusted percentages for each school year from 2025-26 through 2029-30. Specifically, the bill establishes a schedule where the September percentage will increase from 17% in the 2025-26 school year to 25% in the 2029-30 school year, while the June percentage will decrease correspondingly. The bill also includes provisions for the renumbering of sections related to these changes, with the effective date set for the day after publication, although the specific renumbering and repeal of certain sections will take effect on July 1, 2030.