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

SB 2233 establishes specific new funding categories to support school districts across Rhode Island. It provides state reimbursement for excess costs in special education (above a set threshold), career and technical education programs, pre-kindergarten access, and transportation for students attending out-of-district non-public schools. The bill also creates stabilization funds for Central Falls, Davies, and the Met Center schools, and offers regionalized school districts a temporary bonus (2% then 1% of state funding share) for their first two fiscal years. School districts seeking these funds must meet criteria set by the Department of Education, and funds are prorated if demand exceeds available appropriations.