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LC 2920

Generally revise education funding laws

2025 Regular Session

Bill Summary: LC 2920 - Generally Revise Education Funding Laws OverviewLC 2920 is a draft bill that sought to make comprehensive changes to how education is funded in the state. T

(LC) Draft Died in Process
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Bill Summary · LC 2920

Bill Summary: LC 2920 - Generally Revise Education Funding Laws

Overview

LC 2920 is a draft bill that sought to make comprehensive changes to how education is funded in the state. The bill was introduced on December 12, 2024 but ultimately died in the legislative process without being enacted into law.

Purpose and Intent

The main goal of LC 2920 was to overhaul the state's education funding system in order to:

  1. Increase overall funding levels for K-12 public schools
  2. Establish more equitable distribution of funding between school districts
  3. Provide greater financial stability and predictability for school budgets
  4. Direct more resources towards programs and initiatives that improve student outcomes

Key Provisions

Some of the key changes proposed by LC 2920 included:

  • Base Funding Increase: Raising the minimum per-student funding amount by 12% over current levels
  • Weighted Funding Formula: Adjusting the funding formula to provide additional weights for factors like student poverty, English language learners, and students with disabilities
  • Guaranteed Funding Levels: Requiring the state to maintain a minimum level of K-12 funding as a percentage of the overall state budget
  • Multi-Year Budgeting: Shifting to a two-year budget cycle for school districts to improve long-term planning
  • New Funding Streams: Earmarking a portion of state sales tax revenue and marijuana excise taxes specifically for education

Impact and Affected Parties

If enacted, LC 2920 would have had significant impacts on the state's K-12 public education system, including:

  • Providing an estimated $500 million in additional annual funding for schools statewide
  • Directing more resources to school districts serving higher-need student populations
  • Giving school administrators more budgetary stability and predictability
  • Freeing up local property tax revenues that could be reinvested in other education programs

The bill would have affected all K-12 public school students, teachers, and administrators across the state, as well as local school boards and district-level budgets. Taxpayers would also have been impacted through changes to state sales and excise taxes.

Procedural and Timeline Details

As a draft "committee bill" (LC), LC 2920 was developed by legislative staff over the interim period between sessions. It was introduced at the start of the 2025 legislative session but failed to advance through the committee process, ultimately dying without a final vote.

Compiled from official sources — confirm details with the bill’s official record.

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