NH HB772

Establishes a new "foundation opportunity budget" system to fund public education in New Hampshire, replacing the current adequate education grant formula with an outcomes-based approach that aims to provide equal opportunity for all students to achieve statewide average performance levels regardless of where they live

Creates weighted student funding based on: base cost of $7,031 per pupil, plus additional weights for free/reduced lunch eligible students (1.49x), English language learners (2.20x), special education students (4.29x), school district size, and grade level (grades 6-8 at 1.42x, grades 9-12 at 0.42x)

Requires municipalities to contribute a local share equal to the lesser of $5.38 per $1,000 of equalized assessed valuation or 90% of their foundation opportunity budget, with statewide local shares capped at 52% of total foundation opportunity budgets

Phases in the new funding system from FY2027-2031 with transition percentages starting at 86% and reaching 100%, and provides transition grants to municipalities whose state funding would decrease compared to FY2026

Expands the low and moderate income homeowners property tax relief program by increasing income eligibility thresholds (to $65,000 single/$77,500 married), raising the maximum rebate cap to $1,100, and requiring annual inflation adjustments