Senate File 2094 - Introduced SENATE FILE 2094 BY DONAHUE A BILL FOR An Act establishing the state percent of growth and the 1 categorical state percent of growth for supplemental state 2 aid calculations for the budget year beginning July 1, 2024, 3 and including effective date provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 5899XS (2) 90 dg/jh

S.F. 2094 Section 1. Section 257.8, subsections 1 and 2, Code 2024, 1 are amended to read as follows: 2 1. State percent of growth. The state percent of growth for 3 the budget year beginning July 1, 2021, is two and four-tenths 4 percent. The state percent of growth for the budget year 5 beginning July 1, 2022, is two and one-half percent. The 6 state percent of growth for the budget year beginning July 7 1, 2023, is three percent. The state percent of growth for 8 the budget year beginning July 1, 2024, is four percent. The 9 state percent of growth for each subsequent budget year shall 10 be established by statute which shall be enacted within thirty 11 days of the transmission of the governor’s budget required by 12 February 1 under section 8.21 during the regular legislative 13 session beginning in the base year. 14 2. Categorical state percent of growth. The categorical 15 state percent of growth for the budget year beginning July 16 1, 2021, is two and four-tenths percent. The categorical 17 state percent of growth for the budget year beginning July 18 1, 2022, is two and one-half percent. The categorical state 19 percent of growth for the budget year beginning July 1, 2023, 20 is three percent. The categorical state percent of growth for 21 the budget year beginning July 1, 2024, is four percent. The 22 categorical state percent of growth for each budget year shall 23 be established by statute which shall be enacted within thirty 24 days of the transmission of the governor’s budget required by 25 February 1 under section 8.21 during the regular legislative 26 session beginning in the base year. The categorical state 27 percent of growth may include state percents of growth for 28 the teacher salary supplement, the professional development 29 supplement, the early intervention supplement, the teacher 30 leadership supplement, and for budget years beginning on or 31 after July 1, 2020, transportation equity aid payments under 32 section 257.16C . 33 Sec. 2. EFFECTIVE DATE. This Act, being deemed of immediate 34 importance, takes effect upon enactment. 35 -1- LSB 5899XS (2) 90 dg/jh 1/ 2

S.F. 2094 EXPLANATION 1 The inclusion of this explanation does not constitute agreement with 2 the explanation’s substance by the members of the general assembly. 3 This bill establishes a state percent of growth of 4 percent 4 for the budget year beginning July 1, 2024. The state percent 5 of growth is used to calculate the amount of supplemental state 6 aid for a budget year as part of the state school foundation 7 program. The bill also establishes a categorical state percent 8 of growth of 4 percent for the budget year beginning July 1, 9 2024. The categorical state percent of growth is generally 10 used to calculate the amount of supplemental state aid for each 11 of the categorical funding supplements. 12 The bill takes effect upon enactment. 13 -2- LSB 5899XS (2) 90 dg/jh 2/ 2