Amends and repeals existing law to revise provisions regarding student funding to provide for per-student funding.

This legislation modernizes K-12 funding by including a student-based component. It shifts general discretionary funding from a support unit-based amount to a student-based amount. It declares that weights will be added to the student-based funding in the future to reflect student characteristics. Thelegislationrequirescertaindatatobepostedonline,allowsdistrictsandchartersfundingflexibilityifcertain performance criteria are met, and states that the school payment schedule will be re-evaluated.