Alaska HB122 amends school funding and local contribution requirements for city and borough school districts.

Alaska HB122 revises the formula for calculating public school funding, including state aid, local contributions, and federal impact aid. It mandates that the Department of Commerce, Community, and Economic Development determine the full and true value of taxable property in school districts every two years. The bill also specifies the method for calculating a district's adjusted average daily membership (ADM) and basic need, affecting how funding is distributed.

Alaska HB122 amends school funding and local contribution requirements for city and borough school districts.

Alaska HB122 revises the formula for calculating public school funding, including state aid, local contributions, and federal impact aid. It mandates that the Department of Commerce, Community, and Economic Development determine the full and true value of taxable property in school districts every two years. The bill also specifies the method for calculating a district's adjusted average daily membership (ADM) and basic need, affecting how funding is distributed.