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IA SSB1053
SB
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 prior year
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Establishes the categorical state percent of growth at 2% for the budget year beginning July 1, 2025, also reduced from 2.5% in the prior year
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Modifies school district property tax replacement payment calculations for budget years beginning on or after July 1, 2025, using a formula based on weighted enrollment multiplied by a per pupil replacement amount
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Calculates the per pupil property tax replacement amount as $153 plus the difference between the regular program state cost per pupil figures from July 1, 2025 and July 1, 2021, adjusted by the foundation base percentage of 88.4%
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Takes effect immediately upon enactment
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, and including effective date provisions.(See SF 167.)
Last Action
Committee report approving bill, renumbered as SF 167.
1/30/2025