Senate Bill 1530 Summary

• Increases charter school additional assistance from $1,985.58 to $2,049.12 per student (K-8) and from $2,314.16 to $2,388.21 per student (grades 9-12)

• Raises base level funding for fiscal year 2023-2024 to $4,870.78 per student count

• Increases Free and Reduced Price Lunch (FRPL) funding weight from 0.018 to 0.022 in base support level calculations

• Updates transportation support levels per route mile from $2.83/$2.32 to $2.89/$2.37 (fiscal year 2023-2024)

• Increases district additional assistance amounts across all grade levels and establishes new per-pupil amounts ranging from $527.60 to $703.72 depending on district size and grade configuration