SF 2258 (LSB 5925SV (1) 90)

SENATE FILE 2258

BY  COMMITTEE ON EDUCATION

(SUCCESSOR TO SSB 3122)

A BILL FOR

An Act relating 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, and including effective date provisions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 257.8, subsections 1 and 2, Code 2024, are amended to read as follows:
   1.  State percent of growth.  The state percent of growth for the budget year beginning July 1, 2021, is two and four-tenths percent. The state percent of growth for the budget year beginning July 1, 2022, is two and one-half percent. The state percent of growth for the budget year beginning July 1, 2023, is three percent.  The general assembly shall establish the state percent of growth for the budget year beginning July 1, 2024, during the 2024 regular session. The state percent of growth for each subsequent budget year shall be established by statute which shall be enacted within thirty days of the transmission of the governor’s budget required by February 1 under section 8.21 during the regular legislative session beginning in the base year.
   2.  Categorical state percent of growth.  The categorical state percent of growth for the budget year beginning July 1, 2021, is two and four-tenths percent. The categorical state percent of growth for the budget year beginning July 1, 2022, is two and one-half percent. The categorical state percent of growth for the budget year beginning July 1, 2023, is three percent.  The general assembly shall establish the categorical state percent of growth for the budget year beginning July 1, 2024, during the 2024 regular session. The categorical state percent of growth for each budget year shall be established by statute which shall be enacted within thirty days of the transmission of the governor’s budget required by February 1 under section 8.21 during the regular legislative session beginning in the base year. The categorical state percent of growth may include state percents of growth for the teacher salary supplement, the professional development supplement, the early intervention supplement, the teacher leadership supplement, and for budget years beginning on or after July 1, 2020, transportation equity aid payments under section 257.16C.
    Sec. 2.  EFFECTIVE DATE.  This Act, being deemed of immediate importance, takes effect upon enactment.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   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 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 categorical state percent of growth is generally used to calculate the amount of supplemental state aid for each of the categorical funding supplements. The bill provides that the general assembly shall establish the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2024, during the 2024 regular session.
   The bill takes effect upon enactment.