Relating to public school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2022, modifying provisions relating to the regular program state cost per pupil, modifying provisions relating to the property tax replacement payment and the transportation equity payments, and including effective date provisions

25 percent for the budget year beginning July 1, 2022. The categorical state percent of growth is generally used to calculate the amount of supplemental state aid for each of the categorical funding supplements.9 provides that for the budget year beginning July 1, 2022, and succeeding budget years, the regular program state cost per pupil for a budget year is the regular program state cost per pupil for the base year, which includes the $10 addition made for the budget year beginning July 1, 2021, plus the regular program supplemental state aid for the budget year. Under the bill, for the budget year beginning July 1, 2022, the regular program state cost per pupil is the regular program state cost per pupil for the base year plus the regular program supplemental state aid for the budget year, plus $10. Then with the budget year beginning July 1, 2023, and succeeding budget years, the regular program state cost per pupil will again be calculated as the regular program state cost per pupil for the base year plus the regular program supplemental state aid for the budget year.16B provides for school district property tax replacement payments. The bill modifies the property tax replacement payment calculation for budget years beginning on or after July 1, 2022. For budget years beginning on or after July 1, 2022, each school district’s property tax replacement payment amount is equal to the school district’s weighted enrollment for the applicable budget year multiplied by the per pupil property tax replacement amount. For school budget years beginning on or after July 1, 2022, the per pupil property tax replacement amount is equal to the sum of $153 plus the difference of the following: (1) the regular program state cost per pupil for the budget year beginning July 1, 2022, multiplied by 100 percent less the regular program foundation base per pupil percentage for the budget year; and (2) the regular program state cost per pupil for the budget year beginning July 1, 2021, multiplied by 100 percent less the regular program foundation base per pupil percentage for the budget year.4 percent.16C appropriates from the general fund of the state to the transportation equity fund the sum of the amount appropriated for the immediately preceding fiscal year plus the product of the amount appropriated for the immediately preceding fiscal year multiplied by the categorical percent of growth for the corresponding school budget year. The bill modifies the appropriation for the fiscal year beginning July 1, 2022, such that the total appropriated is equal to the amount necessary to make all transportation equity aid payments. The bill takes effect upon enactment.