SB 1530 Summary

• Amends charter school funding by reducing charter additional assistance from $1,752.10 to $1,775.05 per student (K-8) and from $2,042.04 to $2,068.79 per student (9-12) for fiscal year 2017-2018, with a statewide reduction of $18,656,000.

• Establishes three new education programs: broadband expansion fund for school internet connectivity matching grants, results-based funding for high-performing schools ($225-$400 per student), and early literacy grant program for high-poverty schools serving K-3 students.

• Creates college credit by examination incentive program providing bonuses to teachers and schools when students pass qualifying exams ($300-$450 per passing score depending on school poverty level), with 50% distributed to teachers.

• Reduces basic state aid for district additional assistance by $352,442,700 in fiscal year 2017-2018 while capping reductions for small districts (under 1,100 students) at $5,000,000.

• Establishes one-year pilot programs for school emergency readiness management software ($100,000) and college-readiness examinations for grade 11 students ($235,000).