HB1689 Summary

• Repeals the Public School Funding Act of 2003 (§ 6-20-2301 through § 6-20-2308) and creates a new "Comprehensive Investment in Student Achievement Act" effective July 1, 2025.

• Establishes a student-based funding formula beginning in the 2025-2026 school year that allocates funds based on foundation funding amounts, weighted allocations for economically disadvantaged students and those in small/sparse districts, and direct allocations for specific student categories.

• Requires each school to generate funding through a combination of state foundation funds, local property tax revenues (25-mill uniform rate), and miscellaneous funds, with the state covering the remainder.

• Implements weighted funding increases (minimum 5%-20% depending on student/district characteristics) and direct allocations for at-risk students, career-technical program participants, and early grades, plus outcome incentives for disadvantaged students.

• Requires public schools to submit annual accountability reports establishing student achievement goals (including 70% of third graders achieving top performance levels) and explaining budget connections to student outcomes, with corrective actions for underperforming schools.