Amends the Education Equity and Property Tax Relief Act to set the regionalization bonus at 2% of the state's share of foundation education aid for the fiscal year starting July 1, 2025, and for each year thereafter.
Amends the Education Equity and Property Tax Relief Act to set the regionalization bonus at 2% of the state's share of foundation education aid for the fiscal year starting July 1, 2026, and for each year thereafter.
Amends the term "extraordinary costs" for the purposes of excess costs associated with special education students. The new definition of extraordinary costs would be educational costs that are over 3 times the average statewide special education cost.
Amends State funding calculations for special education, revising extraordinary cost calculations for FY 2027-2028, and providing additional funds for excess costs when special education students move into a district after the budget is approved.
Amends State funding calculations for special education, revising extraordinary cost calculations for FY 2028-2029, and providing additional funds for excess costs when special education students move into a district after the budget is approved.
Amends State funding calculations for special education, revising extraordinary cost calculations for FY 2028-2029, and providing additional funds for excess costs when special education students move into a district after the budget is approved.