Bills › 90th General Assembly
HSB 712
Topics:K–12 educationSchool funding
Where it is now
- Done: IntroducedFebruary 7, 2024
- Done: SubcommitteeFebruary 14, 2024
- Done: House committeeFebruary 15, 2024
- Skipped: Passes the HouseContinued as HF 2613
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 2613 → Its progress continues under the new number. Go to HF 2613 What’s a funnel?
What’s in it
AI summary This bill sets the specific growth percentages used to calculate how much money Iowa school districts receive for the upcoming budget year. It changes the deadline for when these funding rates must be officially decided by the state. These updates affect how much supplemental aid is provided to schools for their general and special programs.1
Read the official explanation
This bill relates to school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2024. The bill establishes a state percent of growth of percent for the budget year beginning July 1, 2024. The state percent of growth is used to calculate the amount of supplemental state aid for a budget year as part of the state school foundation program. The bill also establishes a categorical state percent of growth of percent for the budget year beginning July 1, 2024. The categorical state percent of growth is generally used to calculate the amount of supplemental state aid for each of the categorical funding supplements.21. The bill allows the state percent of growth and categorical state percent of growth to be set on a date after days from the transmission of the governor’s budget. The bill takes effect upon enactment.
House subcommittee
Named February 14, 2024. On February 15, 2024 it recommended passage. Vote Total: 2-1.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Fiscal note
AI summary This bill changes how school districts are funded by establishing a 3.00% state percent of growth rate for fiscal year 2025. The changes are estimated to increase total state aid from the General Fund and other funds by $146.7 million, while property tax funds generated through the formula are estimated to increase by $46.5 million. Additionally, the bill is estimated to cause a $7.5 million reduction in state aid to Area Education Agencies.3
From the note: Figure 4 provides the estimated fiscal impact of the Bill. 35(2). 47%) compared to FY 2024. 80%) compared to FY 2024. 2 million for the teacher salary supplement at the district and AEA levels. 3 million for the professional development supplement at the district and AEA levels. 5 million for the early intervention supplement. 1 million for the TLC supplement. 81%) compared to FY 2024.
- Supplemental State Aid · February 21, 2024
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90th General Assembly
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Earlier and later bills are matched by wording or an identical title.
Similar bills
- HF 171 Relating to school funding by establishing the state percent of growth and the categorical…90th General Assembly · WithdrawnVery similar
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- SF 2094 Establishing the state percent of growth and the categorical state percent of growth for s…90th General Assembly · In committeeSimilar
Matched by wording or an identical title.