Establishes a formula for the distribution of State aid to school districts.

This bill establishes a new formula for the allocation of State aid to school districts to satisfy the Legislature’s constitutional responsibility to provide for a system of free public schools. The bill provides State aid by determining a per pupil amount of State aid and multiplying that amount by the school district’s projected resident enrollment for the budget year. The per pupil State aid amount is determined after the State Treasurer projects the total revenue amount from the State income tax for the budget year.

Establishes a formula for the distribution of State aid to school districts.

This bill establishes a new formula for the allocation of State aid to school districts to satisfy the Legislature’s constitutional responsibility to provide for a system of free public schools. The bill provides State aid by determining a per pupil amount of State aid and multiplying that amount by the school district’s projected resident enrollment for the budget year. The per pupil State aid amount is determined after the State Treasurer projects the total revenue amount from the State income tax for the budget year.