WV HB3394

Establishes a 16-member School Aid Formula Study Commission chaired by the state school board chairman, with 4 school board members and 11 Governor-appointed members representing teachers, school personnel, urban and rural county boards, parents, charter schools, and other stakeholders

Directs the commission to investigate all available options for public school funding and recommend revisions to the state school aid formula or alternative funding approaches

Requires the state board of education to provide staff and facilities, with commission members receiving expense reimbursement following legislative guidelines

Mandates regular updates to the Legislature through the Joint Committee on Government and Finance, with a final report and recommendations due by July 1, 2027

Cites declining enrollment, COVID-19 impacts, and funding diversion to private schools and homeschooling as challenges threatening rural schools, local economies, and educational quality