The bill, HB0110, seeks to reform K-12 public school finance in Wyoming by implementing the 2025 cost of education study and revising the education resource block grant model. It introduces new sections that define key terms and outline the necessary components and computations for the funding model, including specific allocations for full-time equivalent (FTE) positions based on student enrollment. The bill mandates school districts to participate in the state employees' and officials' group insurance program and continues the mental health services grant program. Additionally, it includes provisions for appropriations, authorizes positions, and establishes borrowing authority while making conforming amendments and requiring rulemaking.

Key amendments include adjustments to the average daily membership (ADM) calculations, increased thresholds for operating balances, and new reimbursement rules for special education and transportation costs. The bill also modifies the timeline for determining foundation fund allotments and introduces a special reserve fund for career and technical education programs. Furthermore, it mandates that school districts provide adequate insurance coverage for employees and establishes a select committee to ensure the education resource block grant model remains cost-effective. Overall, the bill aims to enhance financial management and accountability in Wyoming's public schools while aligning funding with district needs.

Statutes affected:
Introduced: 9-3-201, 9-3-203, 9-3-205, 9-3-207, 9-3-210, 9-3-211, 9-3-217, 21-7-301, 21-13-101, 21-13-309, 21-13-320