Modifies the calculations of state aid for school districts

This bill updates how the state calculates financial aid for Missouri school districts by replacing older formulas with new definitions for key terms. It changes how "current operating expenditures" are determined, using data from fiscal year 2004 as a baseline and allowing for specific increases in state funding through 2025. The legislation also redefines how student attendance is counted and establishes a method to adjust funding based on regional wage differences. These changes directly impact the amount of state money school districts receive and the specific metrics used to measure their financial needs.