To establish a process by which school districts would be required to submit their budget projections and assumptions to the state each July, and require intermediate school districts to declare whether they concur with the projections and assumptions. If they did not this would trigger a detailed reporting and oversight process specified in this and related bills. This is part of a package comprised of House Bills 4325 to 4330 intended to create an “early warning system” for school districts with financial problems.   Official Text and Analysis.

With the recommendation that the substitute (H-3) be adopted and that the bill then pass.

To exempt school districts with specified levels of surplus in their budgets from the bill's fiscal condition reporting requirements.

To require new school board members to receive training on public school governance and finance.

With the recommendation that the substitute (S-5) be adopted and that the bill then pass.

To leave it to the discretion of the state Department of Treasury whether an overspending school district would be subject to the bill's increased oversight and reporting requirements.

To not require the enactment of House Bills 4327 to 4332 before this bill can become law. Among other things those bills authorize withholding state funding from an overspending school district that fails to follow the procedures this bill would require.

To remove one in a list of events or conditions that must be met to trigger additional state oversight of a school district.

To concur with the Senate-passed version of the bill, except for one change (see Poleski amendment).

To concur with the House-passed version of the bill.