Mill Levy Equalization & Institute Charter Schools

Document formatting and metadata were updated to reflect the revised version with official state headers, reading dates, and committee assignments, while the actual legislative text and policy provisions remained unchanged.

Pupils enrolled in multi-district online schools authorized by the institute are now explicitly excluded from the per-pupil funding calculation for mill levy equalization distribution.

The requirement for the General Assembly to deduct additional mill levy revenue received by institute charter schools from state distributions now applies beginning in the 2024-25 budget year, rather than the 2025-26 budget year.

Formatting and markup changes were made to the bill text, including corrections to signatures and approval sections.

Multi-district online schools authorized by the charter school institute are now excluded from receiving mill levy equalization funds starting with the 2025-26 budget year.

Beginning in the 2024-25 budget year, additional mill levy revenue collected by school districts for local charter schools must be deducted from the amount available for state mill levy equalization funding.

The state appropriation for charter school institute mill levy equalization is reduced by $1,008,494 to account for the new funding adjustments.

New provisions establish specific effective dates: 2024-25 budget year for local revenue deductions and 2025-26 budget year for multi-district online school exclusions.

Updated document title from 'ENGROSSED' to 'REENGROSSED' to reflect that all House amendments have been incorporated.

Revised bill summary note to clarify it applies to the reengrossed version and includes all amendments adopted in the House of Introduction, rather than only those from second reading.

Added '3rd Reading Unamended' and date 'April 3, 2025' to the bill summary header to indicate the current legislative stage.

Added header text indicating this is the engrossed version with all House amendments included, dated April 2, 2025.

Changed the bill status from 'Introduced' to 'Engrossed' in the header section.