An Act relating to the local contribution made by a city or borough school district; and providing for an effective date.

HB 288 amends Alaska law to change how city and borough school districts calculate and report local contributions for charter schools. It requires districts to provide charter schools with annual budgets based on student-generated funds (excluding facility costs), capping administrative retention at 4% of that amount. The bill also revises voluntary local contributions, allowing districts to contribute up to the greater of a two-mill tax levy equivalent or 23% of their basic need plus additional funding, instead of previous limits. This bill directly affects school districts and charter schools, taking effect July 1, 2026.