AN ACT RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX RELIEF ACT

HB 8581 amends the Education Equity and Property Tax Relief Act to remove a cap that previously limited how much local funding for charter schools could be reduced starting in fiscal year 2026. Under the current law, local districts pay charter schools a reduced per-pupil amount, but this bill would eliminate the restriction that keeps that reduction at no more than 14%. The legislation directly affects local school districts and charter public schools, including specific career and technical centers, by altering the calculation of local financial contributions. If passed, the change would allow local districts to apply a larger reduction to the per-pupil funding they provide to these schools, though the specific reduction formula remains unchanged.