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.
