Updating school enrichment funding.

HB 2116 updates Washington state's school enrichment funding by setting new annual limits on property taxes districts can levy for programs like arts, sports, and after-school activities. For taxes collected through 2029, districts may levy up to $2.50 per $1,000 of property value, increasing to $3.00 per $1,000 starting in 2030. The bill also creates a state-local effort assistance program that provides supplemental funding to districts levying below $1.50 per $1,000, matching a portion of their levy up to a per-student cap adjusted for inflation. School districts must now obtain approval for their enrichment spending plans before seeking voter approval for new levies.