Loading chat...
IA SF60
Bill
Status
1/16/2025
Primary Sponsor
Dave Rowley
Click for details
AI Summary
-
Modifies the calculation of state foundation aid for school districts by changing the formula from the current $300 per pupil minimum to a new "state foundation aid minimum" based on specific district costs
-
Defines "state foundation aid minimum" as the sum of four district costs: teacher salary supplement, professional development supplement, early intervention supplement, and teacher leadership supplement
-
Requires the Department of Management to reduce a district's foundation property tax when the combined foundation aid plus property tax exceeds the combined foundation base, with corresponding tax rate adjustments
-
Strikes existing statutory definitions in Code sections 257.2(4) and 257.10(5) that become obsolete under the new formula
-
Applies to school budget years beginning on or after July 1, 2026
Legislative Description
A bill for an act relating to the state school foundation program and the calculation of minimum state foundation aid for school districts and including applicability provisions.
Last Action
Subcommittee recommends passage.
2/6/2025