Rhode Island H8157 amends the state's share statute by changing the poverty loss stabilization fund calculation to 75%.

Rhode Island H8157 modifies the Education Equity and Property Tax Relief Act by altering the calculation for the poverty loss stabilization fund. The bill changes the percentage from 50% to 75%, affecting how the state's share of foundation education aid is determined for districts with high concentrations of students in poverty. This change takes effect immediately upon passage.

Rhode Island H8157 amends the state's share statute by changing the poverty loss stabilization fund calculation to 75%.

Rhode Island H8157 modifies the Education Equity and Property Tax Relief Act by altering the calculation for the poverty loss stabilization fund. The bill changes the percentage from 50% to 75%, affecting how the state's share of foundation education aid is determined for districts with high concentrations of students in poverty. This change takes effect immediately upon passage.