Renames the basic allotment under the Foundation School Program to the initial allotment.
This bill renames the basic allotment under the Foundation School Program to the initial allotment. It modifies various sections of the Education Code to reflect this change, including the allotments for different student categories and programs. The bill also adjusts the formulas for calculating allotments and specifies conditions for tax rates and funding allocations. It takes effect September 1, 2025.
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