Plain English Breakdown
The specific economic indicators used for future increases are not named in the provided text.
HB05179: Increasing School Funding Per Student
This bill raises the base amount used in school funding formulas and adds a rule for yearly increases tied to specific economic data.
What This Bill Does
- Increases the per pupil foundation amount used in the education cost sharing grant formula.
- Redefines the term 'foundation' in state law by increasing its value.
- Adds a process for annual increases based on certain economic indicators.
Who It Names or Affects
- School districts that receive education cost sharing grants
Terms To Know
- Per Pupil Foundation Amount
- The base dollar amount used in the formula to calculate school funding.
- Education Cost Sharing Grant
- A state grant program for schools that uses a specific funding formula.
Limits and Unknowns
- The bill does not list the exact dollar amount of the increase.
- The text mentions 'certain economic indicators' but does not name them specifically.
- No effective date is provided in this document excerpt.