HB 763 Summary

• Appropriates $108,542,900 to the Public Schools Educational Support Program's Division of Student Support for FY 2025, funded from the Public School Income Fund ($8,585,200) and American Rescue Plan Fund ($99,957,700).

• Transfers $627,800 from the General Fund to the Public School Income Fund on July 1, 2024, and establishes the Student Support Division by consolidating the Divisions of Administrators, Operations, and Children's Programs.

• Increases discretionary funds per support unit from $19,537 to $23,472 and reduces health benefits/insurance funds from $21,854 to $20,150 per support unit for FY 2025.

• Raises base salary apportionments effective July 1, 2024, for administrative staff (to $44,446) and classified staff (to $39,966), and mandates transfers of $40,000,000 from the Public School Income Fund to the School District Facilities Fund and Career Ready Students Program Fund.

• Declares an emergency for FY 2024 appropriation adjustments (reducing Administrators by $7,699,500 and Operations by $61,206,800, while adding $105,000,000 to Operations), effective upon passage and approval.