Nebraska LB303 creates the School Finance Reform Commission and revises school district levy limits and foundation aid provisions.
Nebraska LB303 creates the School Finance Reform Commission to study and recommend changes to school funding. The commission will evaluate the current funding formula, review resources and needs, and analyze options to minimize negative impacts on schools. The bill also revises levy limits for school districts, learning communities, and other entities, and changes the calculation and distribution of foundation aid. It specifies conditions for exceeding levy limits and includes provisions for base levy adjustments and state aid calculations.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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