ID H0761

Reduces the appropriation to the Public Schools Educational Support Program's Division of Teachers by $42,527,100 from the Public School Income Fund for fiscal year 2025 (July 1, 2024 through June 30, 2025).

Appropriates and directs the State Controller to transfer $42,527,100 from the Public School Income Fund to the General Fund on July 1, 2024.

Clarifies that the $42,527,100 reduction for fiscal year 2025 shall be treated as a reduction from General Fund expenditures.

Reduces the appropriation to the Public Schools Educational Support Program's Division of Teachers by $36,093,700 from the Public School Income Fund for fiscal year 2024 (July 1, 2023 through June 30, 2024) and treats this as a General Fund reduction.

Declares an emergency for the fiscal year 2024 provisions (Sections 4 and 5), making them effective upon passage and approval, while fiscal year 2025 provisions take effect July 1, 2024.