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SB25-223

Mill Levy Equalization & Institute Charter Schools

Concerning measures to calculate mill levy equalization to determine the distribution of mill levy equalization funding to institute charter schools, and, in connection therewith, reducing an appropriation.
Session:
2025 Regular Session
Subject:
Education & School Finance (Pre & K-12)
Bill Summary

Joint Budget Committee. Beginning with the 2025-26 budget year, and each budget year thereafter, the state charter school institute (institute) shall not distribute a portion of its appropriated mill levy equalization funds to multi-district online schools that are authorized by the institute.

Beginning in the 2024-25 budget year, if the institute receives additional mill levy revenue from a school district for an institute charter school within the geographic boundary of the school district, the general assembly shall deduct the additional mill levy revenue from the amount necessary to fully fund mill levy equalization.

The bill decreases an appropriation from the state education fund to the department of education for use by the institute for mill levy equalization.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Amabile, Sen. B. Kirkmeyer
Rep. S. Bird, Rep. E. Sirota

Sponsor

Sen. J. Bridges
Rep. R. Taggart

Co-sponsor

Upcoming Schedule

The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details

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