An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in school finances, further providing for fiscal year relating to first class school district and for fiscal year relating to second, third and fourth class school districts; and, in collective bargaining, further providing for submission to mediation and for fact-finding panels.

SB 761 amends Pennsylvania's Public School Code to adjust fiscal year start dates for school districts and update collective bargaining timelines. It allows first-class school districts to choose between a January 1 or August 1 fiscal year start (previously only January 1), and permits second-, third-, and fourth-class districts to switch from an August 1 to a January 1 start. The bill also revises deadlines for mediation and fact-finding panels in labor disputes, aligning them with school districts' fiscal year ends (July 31 or December 31 instead of June 30). These changes directly affect all Pennsylvania public school districts and their collective bargaining processes.