Amends existing law to revise provisions regarding funding of public schools and to provide for outcomes-based funding.

This legislation modernizes Idaho’s K-12 school funding formula by adding an outcomes-based funding component. This is an important shift in school funding, moving from paying exclusively for inputs to including a component that pays for student growth and achievement. It provides a funding framework for school districts and public charter schools to receive funding aligned with statewide student achievement goals, specifically growth and proficiency targets for math (grades 5 through 8) and attaining college and career readiness credentials.