SCA 5: Education finance: Education Equalization Act: Equalization Reserve Account.

<summary> This measure proposes a constitutional amendment to create a new Equalization Reserve Account within the state General Fund. The account would be funded by transferring amounts equal to those sent to the existing Public School System Stabilization Account whenever the state's minimum required revenue for schools increases. Interest earned on these funds would be deposited back into the account. The legislature would be required to use a portion of this interest to increase per-pupil funding for non-basic aid school districts, defined as those receiving state funds under the local control funding formula in the past three years. Transfers to this new account would be excluded from calculations regarding the state's minimum funding obligations and annual appropriation limits. Additionally, the legislature could suspend required transfers if average per-pupil funding in non-basic…