The bill aims to make an annual adjustment to the basic allotment under the Foundation School Program to account for inflation. This adjustment is intended to ensure that school funding keeps pace with rising costs due to inflation, thereby supporting schools in providing quality education. The main provision of the bill is the regular updating of the basic allotment amount to maintain its real value over time. This measure could have a significant impact on ensuring adequate and equitable funding for schools, helping them meet the needs of students and educators effectively amid economic changes.
2022-12-27: Filed
2023-03-02: Read first time
2023-03-02: Referred to Public Education
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