The bill seeks to reform K-12 public school finance in Wyoming by implementing a modified version of the 2025 cost of education study. It introduces new sections to the law that define key terms and components of the education resource block grant model, detailing funding allocations for various educational roles 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. It also includes provisions for staffing models, compensation limits for superintendents, and adjustments to funding based on average daily membership (ADM), while ensuring that resources are allocated effectively to meet the needs of students.

Additionally, the bill amends existing laws to enhance accountability and efficiency in educational funding. It modifies the timeline for certain provisions, such as changing the notification date for recapture amounts and adjusting the percentage of initial payments to school districts. The bill increases the threshold for excess operating balances and establishes new reporting requirements for special education and transportation expenditures. It also introduces funding for career and technical education programs, clarifies insurance coverage requirements for educational employees, and appropriates significant funds for various educational purposes, including a recalibration study and mental health services. Overall, the legislation aims to improve the financial framework supporting K-12 education in Wyoming.

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