Shown verbatim: the complete text as captured from the official PDF posted by the Rhode Island General Assembly, fetched 2026-07-29. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
H8157 2026 -- H 8157 ======== LC005710 ======== STATE OF RHODE ISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ A N A C T RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX RELIEF ACT Introduced By: Representatives Caldwell, Knight, Boylan, and Shanley Date Introduced: February 27, 2026 Referred To: House Finance It is enacted by the General Assembly as follows: 1 SECTION 1. Section 16-7.2-4 of the General Laws in Chapter 16-7.2 entitled The 2 Education Equity and Property Tax Relief Act is hereby amended to read as follows: 3 16-7.2-4. Determination of state’s share. 4 (a) For each district, the state’s share of the foundation education aid calculated pursuant 5 to § 16-7.2-3(a) shall use a calculation that considers a district’s revenue-generating capacity and 6 concentration of high-need students. The calculation is the square root of the sum of the state share 7 ratio for the community calculation, pursuant to § 16-7-20, squared plus the district’s percentage 8 of students in grades PK-6 in poverty status squared, divided by two. 9 If this calculation results in a state share ratio that is less than the state share ratio for the 10 community calculated pursuant to § 16-7-20(a) and that district’s poverty status percentage as 11 defined in § 16-7.2-3(a)(2) is greater than fifty percent (50%), the state share ratio shall be equal to 12 the state share ratio for the community calculated pursuant to § 16-7-20(a). 13 (b) For purposes of determining the state’s share, school district student data used in this 14 calculation shall include charter school and state school students. These ratios are used in the 15 permanent foundation education aid formula calculation described in § 16-7.2-5. 16 (c) There shall be a poverty loss stabilization fund for districts that experience a decline in 17 the state share ratio calculated pursuant to subsection (a) of this section from the prior year of more 18 than 2.0 percent (2%). The amount shall be equal to fifty percent (50%) seventy-five percent (75%) 1 of the difference in the amount of permanent foundation education aid received pursuant to § 16- 2 7.2-3 received in the prior year. 3 SECTION 2. This act shall take effect upon passage. ======== LC005710 ======== LC005710 - Page 2 of 3 EXPLANATION BY THE LEGISLATIVE COUNCIL OF A N A C T RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX RELIEF ACT *** 1 This act would amend the determination of the state s share statute by amending the 2 calculation for the poverty loss stabilization fund from fifty percent (50%) to seventy five percent 3 (75%). 4 This act would take effect upon passage. ======== LC005710 ======== LC005710 - Page 3 of 3
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