Increases state local effort assistance funding for school districts with enrichment levies below $1.50 per $1,000 of assessed value.

This bill amends state law to increase state local effort assistance funding for school districts with enrichment levies below $1.50 per $1,000 of assessed value. The funding is calculated based on the district's actual enrichment levy rate and the state local effort assistance threshold. The bill also adjusts the funding formula for state-tribal education compact schools and innovation academy cooperatives. The changes take effect starting in calendar year 2027.

Increases state local effort assistance funding for school districts with enrichment levies below $1.50 per $1,000 of assessed value.

This bill amends state law to increase state local effort assistance funding for school districts with enrichment levies below $1.50 per $1,000 of assessed value. The funding is calculated based on the district's actual enrichment levy rate and the state local effort assistance threshold. The bill also adjusts the funding formula for state-tribal education compact schools and innovation academy cooperatives. The changes take effect starting in calendar year 2027.