Increases the state’s regionalization bonus to six percent (6.0%) of the state’s fiscal year share of foundation education aid. This bonus would be ongoing and continuing so long as the district remains a regional school district.

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Plain-English Summary

EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX RELIEF ACT - Increases the state’s regionalization bonus to six percent (6.0%) of the state’s fiscal year share of foundation education aid. This bonus would be ongoing and continuing so long as the district remains a regional school district.

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