FL S7060

Revises school grading system to base grades on eight components worth 100 points each: percentage of students passing statewide assessments in English Language Arts, mathematics, science, and social studies; percentage making Learning Gains in English Language Arts and mathematics; and percentage of lowest 25 percent making Learning Gains in each subject.

Changes school budget authority from mandatory ("shall") to discretionary ("may") for schools earning "A" grades or improving at least two letter grades, removing the requirement that increased authority remain until the school's grade declines.

Requires schools to assess at least 95 percent of eligible students and establishes minimum sample size of 10 students with complete data for each component used in grade calculation.

For high schools (grades 9-12 or 10-12), adds components measuring four-year graduation rate and percentage of students earning college credit through Advanced Placement, International Baccalaureate, dual enrollment, or industry certification.

Requires Department of Education to develop district report cards beginning 2014-2015 school year including district grade, achievement gap closure measures, Learning Gains of highest-performing students, attendance improvements, and college/career readiness metrics.

Establishes transition provisions making 2014-2015 school grades an informational baseline; prevents schools from being required to implement turnaround options based on 2014-2015 grades and protects schools from sanctions if grades decline due to assessment changes.