MS SB2411

Amends Section 37-61-9 of Mississippi Code to revise the administrative spending cap for school districts to $150,000 plus 4% of each school district's expenditures annually.

Applies the cap to central administration costs including salaries and fringe benefits from non-federal revenue sources across ten specified expenditure functions (general administration, board services, executive administration, business services, fiscal services, purchasing, warehousing, printing, and other support services).

Allows school districts to exclude costs that generate net savings offsetting other budget expenditures, subject to approval by the State Department of Education's Office of Educational Accountability.

Exempts districts with five or fewer full-time administrative employees and those that achieved comparable reductions in administrative costs during the five-year period prior to school year 1993-1994, with additional exemptions available if application would jeopardize fiscal integrity or educational service delivery.

Limits mandatory annual expenditure reductions to 25% per year for districts required to comply with the spending cap.

Takes effect July 1, 2017.