JOINT RESOLUTION CREATING A SPECIAL JOINT LEGISLATIVE COMMISSION TO STUDY RHODE ISLAND'S EDUCATION FUNDING FORMULA AND EDUCATION FINANCE SYSTEM
Signed by Governor
Summary
The bill adds a new chapter to Rhode Island’s education statutes that defines a transparent, student‑centered funding formula and sets out how the state and municipalities must share the cost of K‑12 education. It establishes a core education amount, weighted adjustments for student needs, municipal contribution rules, a strategic reserve fund, and an oversight board to monitor fiscal responsibility. The changes aim to make school financing more equitable, predictable, and tied to student outcomes.
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