Mill Levy Equalization

Joint Budget Committee. Current law requires the general assembly to appropriate or transfer money to the mill levy equalization fund (fund) for institute charter school funding. The bill repeals the fund.

For the 2024-25 budget year and each budget year thereafter, the general assembly shall appropriate money from the general fund or the state education fund to the state charter school institute to fund full mill levy equalization for all institute charter schools.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)