AN ACT INCREASING FUNDING FOR PUBLIC SCHOOLS, MAGNET SCHOOLS AND CHARTER SCHOOLS.

HB 5078 increases the base funding level used to calculate state aid for public schools, magnet schools, and charter schools. It amends the foundation amount under existing statutes to determine equalization aid grants, choice grants, and charter school grants. This change directly affects all qualifying schools in the state by increasing their state funding allocation. The bill aims to ensure more equitable and adequate funding across school districts.