HB2577 Summary

• Increases charter school additional assistance from $1,985.58 to $2,049.12 per student (preschool-grade 8) and from $2,314.16 to $2,388.21 per student (grades 9-12) for fiscal year 2023-2024.

• Establishes base level funding of $4,870.78 per student count for fiscal year 2023-2024, with increases to Free and Reduced-Price Lunch (FRPL) weights from 0.018 to 0.022.

• Updates district additional assistance amounts for fiscal year 2023-2024, including increases for small school districts and programs for preschool children with disabilities.

• Adjusts transportation support level rates per route mile for fiscal year 2023-2024 (from $2.83 to $2.89 for certain mileage ranges) and updates qualifying tax rates.

• Allocates $225-$400 per student count from results-based funding for schools performing in top 13-27 percent on 2022 spring statewide assessments, with higher amounts for high-poverty schools.