Bill
LB 498
Overview: LB 498, "Change provisions relating to foundation aid and certification dates under the Tax Equity and Educational Opportunities Support Act", was filed on January 21, 20
Overview: LB 498, "Change provisions relating to foundation aid and certification dates under the Tax Equity and Educational Opportunities Support Act", was filed on January 21, 2025. The bill is currently scheduled for a public hearing on February 10, 2025.
Purpose and Intent: The primary goal of LB 498 is to modify the foundation aid and certification date components of the Tax Equity and Educational Opportunities Support Act (TEEOSA), the state's school funding formula. The proposed changes aim to provide more timely and equitable funding to Nebraska's public school districts.
Key Provisions:
- Increases the minimum foundation aid per student from $1,500 to $1,800
- Shifts the certification date for TEEOSA aid from March 1 to February 1 to give school districts earlier access to funding information
- Requires the Department of Education to provide preliminary TEEOSA aid estimates to districts by January 15 each year
Affected Parties and Impacts: The bill would directly impact all public school districts in Nebraska, as the changes to foundation aid and certification dates would affect the amount and timing of state funding they receive. The earlier availability of aid information may help districts with budgeting and planning.
Procedural and Timeline Considerations: LB 498 is currently scheduled for a public hearing on February 10, 2025. After the hearing, the bill may undergo further amendments and consideration by the Legislature. If passed, the changes to TEEOSA would take effect for the 2026-2027 school year.
Compiled from official sources — confirm details with the bill’s official record.
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