Assembly Bill 354 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 aid.

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 renumbers and amends the current law to reflect these changes, ensuring that the new payment structure is established and effective by the specified timeline. The act will take effect the day after publication, with certain provisions related to the renumbering and repeal taking effect on July 1, 2030.