Official Text and Analysis.

Retains the portion of the bill delaying the reduction in the levy lid.

Changes the poverty calculation from the United States census bureau's poverty estimate to a calculation of the number of students in grades K-12 who were eligible for free or reduced-price meals in the prior school year.

Changes the levy lid percentage from 10 percent to 24 percent. Changes the starting date from 2019 to 2018 for OSPI to begin evaluating the proposed uses of local M&O levies to ensure the proceeds will not be spent on basic education programs. Removes the provision that would have disallowed local M&O levies in calendar year 2019.

Requires counties to impose a parcel fee if the provisions of the bill would cause a net reduction in property taxes paid on commercial and industrial property within the county. The parcel fee would be imposed at a rate necessary to offset the reduction.

Removes the following policy sections: National Board For Professional Teaching Standards Bonus; State-Funded Extended Year Contracts; Health Care Benefits; Measures of Success; Providing Flexibility to School Districts, Recognizing School Districts Meeting the Performance Targets, and Addressing School Districts Not Meeting the Performance Targets; Future Collective Bargaining Agreements Must Conform to Act; Prohibiting Teacher Strikes; Student Absenteeism; Paraeducators; Technical Amendments to Align Statutes with Recognizing and Rewarding School Districts that Meet the Measures of Success; Education Sector Excellence Assessment Framework; and Authority to Remove Teachers Detrimental to Student Academic Performance.

Removes language allowing individuals without a teaching certificate to teach students as long as the individual passes a background check.

Replaces the K-12 prototypical school funding allocation model for basic education with a per pupil guarantee model. ?Provides additional state supplemental per pupil funding for special education students, low-income students, transitional bilingual students, highly capable students, career and technical education students, and homeless students. ? Imposes a new local effort levy by the state on behalf of school districts at a uniform rate. ? Delays the 2018 reduction in local excess levy authority and state levy equalization distributions by a year. ? Eliminates voter-approved excess levies for calendar year 2019. Future voter-approved excess would be limited to 10 percent. ? Repeals Initiative 1351 and Initiative 732 provisions.