HB 1464 Summary

• Establishes baseline funding for school districts based on 2018-19 state aid plus specified revenue types from 2017-18, with gradual reductions beginning 2021-22 and phasing down by 15% annually until reaching the state payment per weighted student unit.

• Sets minimum state aid payments of $10,136 per weighted student unit for 2021-22, increasing to $10,237 for 2022-23 and beyond, with transition protections capping state aid increases at 110% of baseline funding through 2026-27.

• Expands definition of "high-cost students" to include students with significant medical conditions (not just special education students), and shifts responsibility for educating these students from the student's school district of residence to the admitting district.

• Provides state reimbursement for the top 1% of students statewide with the greatest expenditure needs, covering excess costs beyond four times the state average cost per student, plus costs exceeding 2% of a district's annual budget for a single student.

• Modifies treatment of federal impact aid tuition from school districts on air force bases, with exclusion percentages increasing from 17% in 2021-22 to 85% by 2025-26 (or 100% by 2026-27 under the post-June 30, 2025 version).