Establishes a task force to review the minimum foundation program formula and recommend a permanent, predictable funding mechanism for teacher and.
The bill creates a task force to comprehensively review the minimum foundation program (MFP) formula, which determines state funding for public education. The task force will evaluate the historical development, constitutional requirements, and current structure of the MFP. It will also consider the impact of recent fiscal challenges and the need for a stable funding mechanism for teacher and support staff pay raises. The task force will develop a proposed revised or replacement formula structure, including potential funding mechanisms that comply with constitutional and fiscal constraints.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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