Adjusts school funding formula and increases property tax limits to support K-12 education and public safety.

This bill revises the school funding formula to ensure equitable funding for public schools, particularly in historically underinvested areas. It increases the state and local property tax limits from one percent to three percent. The bill also establishes a safety net for special education funding, ensuring that districts with high special education costs receive additional state funding. Additionally, it mandates the superintendent of public instruction to analyze and report on K-12 funding equity, aiming to address economic, demographic, and geographic disparities in student populations.

Adjusts school funding formula and increases property tax limits to support K-12 education and public safety.

This bill revises the school funding formula to ensure equitable funding for public schools, particularly in historically underinvested areas. It increases the state and local property tax limits from one percent to three percent. The bill also establishes a safety net for special education funding, ensuring that districts with high special education costs receive additional state funding. Additionally, it mandates the superintendent of public instruction to analyze and report on K-12 funding equity, aiming to address economic, demographic, and geographic disparities in student populations.