SF0137

Bill Summary - 25LSO-0426 Bill No.: SF0137 Effective: 7/1/2025 LSO No.: 25LSO-0426 Enrolled Act No.: SEA No. 0037 Chapter No.: 70 Prime Sponsor: Dockstader Catch Title: School finance-cash reserves. Has Report: No Subject: School district cash reserve limits. Summary/Major Elements: For fiscal year 2022 through fiscal year 2026, 2022 House Bill 0030 increased the limit of operating balances and cash reserves that a school district could maintain in reserves from fifteen percent (15%) to thirty percent (30%) of the prior year's foundation program amount. Amounts above this count as a local revenue for purposes of the education funding model. This act extends the increased reserves limit through fiscal year 2028. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.