AN ACT RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX RELIEF ACT

Summary

The bill revises the calculation Rhode Island uses to determine its share of foundation education aid, adding a formula that weighs district revenue capacity and the percentage of low‑income PK‑6 students. It also increases the amount a stabilization fund can pay to districts that see their aid drop more than 2%—from half of the loss to three‑quarters. The changes apply to all public school districts, including charter schools, and aim to give more support to high‑need areas.

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