Assembly Bill 354 proposes changes to the timing of equalization aid payments to school districts in Wisconsin. The bill aims to adjust the distribution percentages of equalization aid over several school years, starting from the 2024-25 school year and culminating in the 2029-30 school year. Specifically, it increases the percentage of aid distributed in September by 2 percentage points each year while decreasing the percentage distributed in June by the same amount. By the 2029-30 school year, the distribution will stabilize at 25 percent for each of the four payment installments: September, December, March, and June.

To implement these changes, the bill repeals existing provisions regarding the current distribution percentages and creates new sections that outline the adjusted percentages for each school year from 2025-26 through 2029-30. The current law's language regarding the distribution of aid in September, December, March, and June is amended to reflect these changes, ensuring a more balanced distribution of funds to school districts over time. The bill is set to take effect the day after publication, with specific provisions regarding the renumbering and repeal of certain sections taking effect on July 1, 2030.