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.