Rhode Island S2025 limits the reduction of total education aid for local education agencies to no more than one percent of the previous fiscal year's.

Rhode Island S2025 amends the Education Equity and Property Tax Relief Act to ensure that total education aid paid to any local education agency cannot be reduced by more than one percent of the municipal education appropriation from the previous fiscal year. This provision aims to stabilize funding for local education agencies, ensuring they do not face significant cuts in education aid. The act also includes a poverty loss stabilization fund for districts that experience a decline in the state share ratio. This legislation takes effect upon passage.

Rhode Island S2025 limits the reduction of total education aid for local education agencies to no more than one percent of the previous fiscal year's.

Rhode Island S2025 amends the Education Equity and Property Tax Relief Act to ensure that total education aid paid to any local education agency cannot be reduced by more than one percent of the municipal education appropriation from the previous fiscal year. This provision aims to stabilize funding for local education agencies, ensuring they do not face significant cuts in education aid. The act also includes a poverty loss stabilization fund for districts that experience a decline in the state share ratio. This legislation takes effect upon passage.