Education: financing; limitations on mills levied for school operating purposes; revise. Amends secs. 20 & 22a of 1979 PA 94 (MCL 388.1620 & 388.1622a).

HB 6277 updates the Michigan State School Aid Act to set the 2024-2025 target foundation allowance for public schools at $9,608 per pupil. The bill establishes specific rules for calculating how much state funding each school district receives, ensuring that districts with lower funding in the previous year catch up to the new target while those with higher funding may see their state share adjusted based on inflation or capped at the target amount. It also clarifies how funding is allocated for students attending public school academies and community districts, and it mandates rounding up any fractional dollar amounts in district calculations to the nearest whole dollar. This legislation directly affects school districts and the state Department of Education by defining the formula used to distribute operating funds for the upcoming fiscal year.