relative to the per pupil cost of an opportunity for an adequate education.

This bill establishes a new funding formula for public schools in New Hampshire, setting a base cost of $4,404 per student to provide an adequate education starting in the 2025-2026 school year. It introduces two new types of financial assistance: relief funding for districts with high rates of students eligible for free or reduced-price meals, and fiscal capacity disparity aid for municipalities with lower property values compared to a specific threshold. The legislation also adjusts how the state calculates total education grants by adding these new aid amounts and includes a hold harmless provision to protect certain districts from funding decreases during the transition.