Modifies provisions governing calculations for state aid to public schools

This bill updates the rules for calculating state aid to public schools in Missouri by replacing an existing statute with new definitions for key financial and attendance metrics. It specifically changes how "adjusted operating levy," "average daily attendance," and "current operating expenditures" are determined, including adjustments for summer school students and specific exclusions for certain funding categories. The legislation also establishes a new method for calculating a "dollar-value modifier" based on regional wage data to adjust funding for purchasing power. These changes directly affect how school districts receive state funding and will impact the financial calculations for districts across the state.