HB 5384 Summary

• Sets basic foundation allowance at $8,289.00 and minimum at $7,631.00 for 2017-2018 school funding.

• Requires districts and intermediate districts to publicly post budgets, expenditure summaries in pie charts, collective bargaining agreements, health benefits plans, audit reports, superintendent compensation details, and virtual learning cost breakdowns on their websites.

• Reduces per-pupil funding allocation for cyber schools operating as schools of excellence to 80% of normal calculations beginning in 2017-2018 for schools in at least their second year of operation.

• Allocates $526.2 million for 2017-2018 (reduced from $3.965 billion proposal) for at-risk student programs focused on early literacy, mathematics proficiency, school attendance, and college/career readiness.

• Requires districts receiving at-risk funding to implement multitiered systems of supports, comply with early literacy requirements, and submit annual program reports detailing expenditures and at-risk pupil outcomes by July 15.