HB 2691 Summary

• Amends Laws 2018, chapter 285 to modify reduction amounts for school district and charter school additional assistance funding for fiscal years 2019-2020 through 2021-2022.

• Reduces district additional assistance funding reductions from $193.1 million to $45.7 million in FY 2019-2020, from $128.7 million to $45.8 million in FY 2020-2021, and from $64.4 million to $45.8 million in FY 2021-2022.

• Reduces charter additional assistance funding reductions from $10.2 million to $2.5 million in FY 2019-2020, from $6.8 million to $2.4 million in FY 2020-2021, and from $3.4 million to $2.4 million in FY 2021-2022.

• Defers state aid payments to school districts during FY 2019-2020 ($775.6 million), FY 2020-2021 ($552.7 million), and FY 2021-2022 ($262 million), requiring repayment in the following fiscal years.

• Appropriates $147.4 million in FY 2019-2020, $83 million in FY 2020-2021, and $18.6 million in FY 2021-2022 for district additional assistance; appropriates $7.8 million, $4.4 million, and $978,600 respectively for charter additional assistance.