Amends the process for calculating the general fund base percentage for certain school districts.

The bill amends the process for calculating the general fund base percentage for certain school districts. It specifies that the general fund base percentage is determined based on fall enrollment, with different percentages for districts with varying enrollment sizes. The bill also outlines the calculation of other key terms such as target teacher salary, target teacher benefits, and overhead rate. It provides detailed formulas for calculating local need, allowable general fund cash balance, and other need at the statewide level.

Amends the process for calculating the general fund base percentage for certain school districts.

The bill amends the process for calculating the general fund base percentage for certain school districts. It specifies that the general fund base percentage is determined based on fall enrollment, with different percentages for districts with varying enrollment sizes. The bill also outlines the calculation of other key terms such as target teacher salary, target teacher benefits, and overhead rate. It provides detailed formulas for calculating local need, allowable general fund cash balance, and other need at the statewide level.