Enactment of this legislation assumes $15,000,000 one-time in Uniform School Funds transferred to the Public Education Economic Stabilization Restricted Account in both FY 2027 and FY 2028 will be used to fund the appropriation detailed in the bill. Bill provisions provide that the $15,000,000 transfer will occur in each subsequent fiscal year, assuming availability of funding in the stabilization account.

Enactment of this bill transfers $9,644,300 ongoing beginning in FY 2027 from the Income Tax Fund at the State Board of Education to Local Education Agencies as outlined in the bill. This legislation could cost the State Board of Education $15,000,000 one-time from the Public Education Economic Stabilization Restricted Account in FY 2027 and FY 2028 to support local reading interventions as outlined in the bill. The legislation also includes provisions governing retention of students in Kindergarten through Grade 3 when certain conditions are met. Depending on the number of students impacted, this could increase state costs through the Minimum School Program by extending the time a student is enrolled in the public education system. At a minimum, this additional cost would be one Weighted Pupil Unit, or $4,870 at the current WPU Value. This legislation assumes the transfer of $15,000,000 one-time in FY 2027 and FY 2028 from the Uniform School Fund to the Public Education Economic Stabilization Restricted Account.