Relates to contracts for excellence in a city school district in a city having a population of one million or more inhabitants

Provides that in a city school district in a city having a population of one million or more inhabitants, a plan developed in collaboration with the collective bargaining units representing teachers and the principals beginning in September 2022 and signed off on by the chancellor and the presidents of each bargaining unit, to reduce class sizes beginning September 2023 and to be achieved by September 2028 for all classes; requires a report on or before November 15, 2023 and on or before November 15th of each year thereafter; further requires the city school district to submit a financial impact statement on November 15, 2025.