Establishes state and categorical percent of growth for public school funding, modifies property tax replacement payments, and appropriates funds for.

The bill sets the state percent of growth at 2.25% for the budget year beginning July 1, 2025, and the categorical state percent of growth at 2.25% for the same period. It modifies the calculation for property tax replacement payments for budget years starting July 1, 2025, and adjusts the regular program state cost per pupil. The bill also modifies transportation equity payments and appropriates funds for these payments and a school district funding supplement for fiscal years 2025-2026.

Establishes state and categorical percent of growth for public school funding, modifies property tax replacement payments, and appropriates funds for.

The bill sets the state percent of growth at 2.25% for the budget year beginning July 1, 2025, and the categorical state percent of growth at 2.25% for the same period. It modifies the calculation for property tax replacement payments for budget years starting July 1, 2025, and adjusts the regular program state cost per pupil. The bill also modifies transportation equity payments and appropriates funds for these payments and a school district funding supplement for fiscal years 2025-2026.