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IA SF167
Bill
AI Summary
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Sets the state percent of growth for school funding at 2% for the budget year beginning July 1, 2025, down from 2.5% in the previous year
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Establishes the categorical state percent of growth at 2% for budget year 2025-2026, except for transportation equity fund calculations which receive 5%
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Modifies property tax replacement payment calculations by updating the applicable fiscal years and adjusting formulas for budget years beginning July 1, 2023, July 1, 2024, and July 1, 2025 and beyond
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Adds $5 to the regular program state cost per pupil for budget year 2025-2026, with subsequent years returning to base calculations without the additional amount
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Increases the maximum supplementary weighting for shared operational functions from 21 to 25 additional pupils for budget years beginning on or after July 1, 2025
Legislative Description
A bill for an act relating to school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2025, modifying provisions relating to the property tax replacement payments, modifying provisions relating to the regular program state cost per pupil and funding for shared operational functions, and including effective date provisions. (Formerly SSB 1053.) Effective date: 05/19/2025.
Last Action
Signed by Governor. S.J. 1051.
5/19/2025