Modifies provisions governing state aid provided to schools

HB 2476 modifies Missouri's school funding rules by changing how student attendance is counted for state aid calculations and setting new financial requirements for school districts. It requires that suspended or expelled students remain counted in attendance for up to 180 days for accountability systems and weighted average daily attendance (WADA) calculations, while ensuring districts maintain accurate attendance records. School districts must now levy an operating tax of at least $1.25 per $100 property valuation (increasing to $2.75 for the 2006-07 school year and beyond) to qualify for full state aid, with exceptions for districts near nuclear power plants or large electric facilities. These changes directly affect all Missouri public school districts receiving state education funding.