HB2562 increases local effort assistance to align with enrichment levies for school districts.

HB2562 amends the state local effort assistance funding to align with enrichment levies for school districts. Beginning in calendar year 2027, the state must provide funding to supplement school district enrichment levies. The annual local effort assistance funding is calculated based on the school district's maximum local effort assistance and its actual enrichment levy rate. The bill also defines terms such as "eligible school district," "inflation," and "student enrollment." The act takes effect January 1, 2027.

HB2562 increases local effort assistance to align with enrichment levies for school districts.

HB2562 amends the state local effort assistance funding to align with enrichment levies for school districts. Beginning in calendar year 2027, the state must provide funding to supplement school district enrichment levies. The annual local effort assistance funding is calculated based on the school district's maximum local effort assistance and its actual enrichment levy rate. The bill also defines terms such as "eligible school district," "inflation," and "student enrollment." The act takes effect January 1, 2027.