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.
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