Requires five-year average of equalized property valuation be used in calculation of local share under State school funding formula.

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Plain-English Summary

This bill changes how the state calculates a school district's local share, which affects how much state aid it receives. Currently, the calculation uses the district's property value from the year before the budget. This bill would change it to use the average property value from the last five years. These changes will apply to state school aid calculations starting in the 2024-2025 school year.

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