This bill amends existing laws related to K-12 public school finance in Wyoming, specifically focusing on the calculation of routine and major maintenance payments for school districts. It increases the allowable square footage used in these calculations, raising the threshold for education space capacity from 115% to 135% of the standard space level. Additionally, the bill specifies that for the school year 2025-2026 and beyond, the gross square footage of educational buildings will be adjusted to reflect this new capacity limit. The bill also modifies the percentage used to calculate major maintenance payments, changing it from 3% for the 2002-2003 school year to 2% for the 2025-2026 school year and thereafter.

To support these changes, the bill appropriates $38.1 million for major maintenance payments and $5.5 million for routine maintenance payments to school districts, both for the period from July 1, 2025, to June 30, 2026. These funds are designated specifically for the purposes outlined in the bill and cannot be used for any other purpose. The bill is set to take effect on July 1, 2025.

Statutes affected:
25LSO-0155 v1.0: 21-13-309, 21-15-109