Establishes the School Finance Reform Commission to study and recommend improvements to school budgeting, finance, and funding.

This bill establishes the School Finance Reform Commission in the Department of Education. The commission will study the effectiveness of school budgeting, finance, and funding, with a focus on school district property tax levies, tax levy growth limitation, and the calculation of local share for equalization aid. The commission will issue a report with findings and recommendations within one year of its organization.

Establishes the School Finance Reform Commission to study and recommend improvements to school budgeting, finance, and funding.

This bill establishes the School Finance Reform Commission in the Department of Education. The commission will study the effectiveness of school budgeting, finance, and funding, with a focus on school district property tax levies, tax levy growth limitation, and the calculation of local share for equalization aid. The commission will issue a report with findings and recommendations within one year of its organization.