AR HB1688

Modifies school district health insurance contribution rates to be enacted by the General Assembly with recommendations from House and Senate Education Committees through the biennial adequacy review process, replacing previously established rates.

Increases per-student foundation funding from $7,182 to $7,618 for the 2023-2024 school year and from $7,413 to $7,771 for the 2024-2025 school year and thereafter.

Raises categorical funding amounts for alternative learning environments, English-language learners, Enhanced Student Achievement Funding, and professional development across the 2023-2024 and 2024-2025 school years with specific dollar increases for each category.

Increases teacher salary equalization funding and establishes that the House and Senate Education Committees jointly set statewide target average teacher salaries for future bienniums as part of the adequacy review process.

Declares an emergency effective immediately to ensure funding is available for the 2023-2024 and 2024-2025 school years, allowing school districts to budget accordingly.