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2025R: HB1539

TO AMEND THE PUBLIC SCHOOL FUNDING ACT OF 2003; AND TO ADD AN ADDITIONAL EDUCATION CATEGORY OF FUNDING FOR SPECIAL EDUCATION.

Latest action: Died in House Committee at Sine Die adjournment.

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WhenChamberAction
Feb 20, 2025, 10:29 a.m. CTHouseFiled
Feb 20, 2025, 4:28 p.m. CTHouseRead the first time, rules suspended, read the second time and referred to the Committee on EDUCATION COMMITTEE- HOUSE
May 5, 2025, 9:02 a.m. CTHouseDied in House Committee at Sine Die adjournment.

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Fiscal impact

Other1 ยท Mar 5, 2025

Fiscal Impact Statement ______________________________________________________________________________ DATE 2/21/25 BILL HB1539 SPONSOR COLLINS SUBTITLE TO AMEND THE PUBLIC SCHOOL FUNDING ACT OF 2003; AND TO ADD AN ADDITIONAL EDUCATION CATEGORY OF FUNDING FOR SPECIAL EDUCATION. ____________________________________________________________________________ TOPIC Public School Funding AFFECTED FUNDS Public School Funds REVENUE IMPACT 277.6M - Year 1 271.5M - Year 2 ASSUMPTIONS - BASED ON: Year 1 Year 2 Adequacy Rec 8,162 8,371 HB1539 8,165 8,361 Change 3 (10) Estimated Students 476,672 480,373 Fiscal Impact 1,430,016 (4,803,730) Students with IEP 71,533 71,533 Cost per student 3,862 3,862 Fiscal Impact 276,260,446 276,260,446 Prepared by the Arkansas Department of Education Total Cost 277,690,462 271,456,716 ADDITIONAL COMMENTS Increasing foundation funding does not guarantee districts will provide a $15 minimum salary to all classified staff. It is unclear if the proposed Foundation Funding amounts include funding for 29.8 FTE per 500 students to each receive a $4 per hour increase. December 1, 2023 students with IEP Ages 3-5 (PK) 10,244 Ages 5-21 (k-12) 71,533 Total 81,777

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