Plain English Breakdown
The official source material does not specify which economic indicators will be used for annual increases.
Increase in Education Funding Per Student
This act raises the funding each student receives through the education cost sharing grant and sets up yearly increases based on specific economic measures.
What This Bill Does
- Increases the amount of money given to schools for each student.
- Sets a process to raise this amount every year using certain economic indicators.
Who It Names or Affects
- Schools that receive education cost sharing grants
Terms To Know
- Foundation amount
- The base level of money given to schools for each student.
- Education cost sharing grant
- A program that provides financial support to schools based on the number of students they have.
Limits and Unknowns
- Does not specify how much the funding will increase by or which economic indicators will be used.
- The exact date when these changes take effect is not provided in the bill text.