Mill Levy Equalization & Institute Charter Schools

Joint Budget Committee. Beginning with the 2025-26 budget year, and each budget year thereafter, the state charter school institute (institute) shall not distribute a portion of its appropriated mill levy equalization funds to multi-district online schools that are authorized by the institute.

Beginning in the 2024-25 budget year, if the institute receives additional mill levy revenue from a school district for an institute charter school within the geographic boundary of the school district, the general assembly shall deduct the additional mill levy revenue from the amount necessary to fully fund mill levy equalization.

The bill decreases an appropriation from the state education fund to the department of education for use by the institute for mill levy equalization.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)