Establishes the School Finance Accountability Board to oversee school district compliance with teacher compensation and cash balance requirements.
The bill amends provisions related to the School Finance Accountability Board, which is created within the Department of Education. The board consists of five members appointed by the Governor, serving four-year terms. The board can recommend waivers for school districts that fail to meet certain financial requirements, such as increasing average teacher compensation or maintaining a minimum salary. It can also recommend penalties for non-compliance, including reductions in state aid for general education.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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