Amends, repeals, and adds to existing law to provide for the public schools educational support program and to implement student-based foundation funding.

This Legislation is a new funding formula for K-12 education. It changes the fundamental funding from a support based or classroom system to a student based foundation funding system. It provides for a student enrollment count instead of a daily attendance system. This legislation provides for additional weights of funding to be provided to each student depending on student criteria. This criteria or weight is determined dependentonfactorssuchaseconomicallydisadvantaged, EnglishLanguageLearnerandSpecialEducation as well as geographic location and school size. Student counts will be taken four (4) times a year. District funding and timing of funding has been changed to provide an accounting based on student enrollment, student criteria, and which school they are attending. There is a hold harmless provision for all school districts for three (3) years with a minimum increase of two (2) percent per year. The Career Ladder performance system remains in place with reporting by the districts to the State Department of Education. Each district will maintain its own compensation schedule which will include a minimum compensation for instructional and pupil service staff and a minimum compensation for a person holding a professional endorsement. These two compensation amounts will be equal to or greater than the State Career Ladder schedule.