Enacts the "education funding census update act"

This bill updates how New York school districts calculate education funding by replacing outdated 2000 census data with current federal census information. It revises definitions for "census count" and "poverty rate" to use the latest National Center on Education Statistics data and three-year average small area income estimates, rather than the 2000 census. School districts, particularly those classified as "high-need" under existing law, will have their funding formulas recalculated using these updated metrics. The changes directly affect how funding is distributed based on student poverty levels, with Section 3 adjusting specific percentage rates for different district types. The bill takes effect April 1st after enactment.