AB 477: Fair Pay for Educators Act: local control funding formula: base grants: funding targets.

This bill aims to amend the education finance system in California, making several changes to the local control funding formula. Starting with the 2036-37 fiscal year, the bill would increase funding amounts for school districts and charter schools. The new amounts would include: base grants for average daily attendance in different grade spans, increased from $6,845 to $14,879 per pupil for kindergarten to 3rd grade, and from $7,154 to $18,023 per pupil for 9th to 12th grade; add-ons for supplemental and concentration grants, based on the percentage of unduplicated pupils served by the school district or charter school; increased funding for small schools and high schools, with new per-pupil and per-teacher amounts; and an additional add-on for transitional kindergarten, increased from $2,813 to $8,318 per year, adjusted for inflation. The bill would also make changes to the inflation…