WyomingSF 1372025 General SessionSenate

AN ACT relating to school finance; extending the sunset date for an increase in school district operating balances and cash reserves; and providing for an effective date.

Sponsored By: Dan Dockstader (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Wyoming schools keep higher reserves longer

Effective July 1, 2025, the law extends Wyoming school districts’ higher reserve threshold from June 30, 2026, through June 30, 2028. The 30% threshold, rather than the usual 15%, applies to fiscal years ending June 30, 2022, through June 30, 2028. It is based on each district’s prior-year foundation program funding amount. Districts must separately track and report reserves between 15% and 30%. They cannot transfer or spend that portion for capital construction. By January 31 each fiscal year, the Department of Education must calculate each district’s excess reserves. Subject to existing exceptions, reserves above 30% count as state revenue for school funding distributions and tax rebates. Money committed to existing legal obligations or legally restricted programs does not count toward reserves. Separate major building repair and replacement accounts are also excluded; those repairs do not count as capital construction. Reserves from the fiscal year ending June 30, 1997, remain separately tracked and excluded until spent. Certain protested-tax settlement revenues are excluded for no more than one year after the receipt year, with written district verification and county treasurer certification. The department must issue rules covering district reporting and procedures. This law does not directly provide household payments.

Sponsors & Cosponsors

Sponsor

  • Dan Dockstader

    Republican • Senate

Cosponsors

  • Andrew Byron

    Republican • House

  • McKay Erickson

    Republican • House

  • Bill Landen

    Republican • Senate

  • Wendy Schuler

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 76 • No: 28

House vote • 2/25/2025

H 3rd Reading:Passed 41-20-1-0-0

Yes: 41 • No: 20

House vote • 2/14/2025

H04 - Education:Recommend Do Pass 7-1-1-0-0

Yes: 7 • No: 1

Senate vote • 2/6/2025

S 3rd Reading:Passed 23-7-1-0-0

Yes: 23 • No: 7

Senate vote • 1/31/2025

S04 - Education:Recommend Do Pass 5-0-0-0-0

Yes: 5 • No: 0

Actions Timeline

  1. Assigned Chapter Number 70

    2/28/2025
  2. Governor Signed SEA No. 0037

    2/28/2025Governor
  3. H Speaker Signed SEA No. 0037

    2/25/2025House
  4. S President Signed SEA No. 0037

    2/25/2025Senate
  5. Assigned Number SEA No. 0037

    2/25/2025
  6. H 3rd Reading:Passed 41-20-1-0-0

    2/25/2025House
  7. H 2nd Reading:Passed

    2/24/2025House
  8. H COW:Passed

    2/21/2025House
  9. H Placed on General File

    2/14/2025House
  10. H04 - Education:Recommend Do Pass 7-1-1-0-0

    2/14/2025House
  11. H Introduced and Referred to H04 - Education

    2/13/2025House
  12. H Received for Introduction

    2/6/2025House
  13. S 3rd Reading:Passed 23-7-1-0-0

    2/6/2025Senate
  14. S 2nd Reading:Passed

    2/5/2025Senate
  15. S COW:Passed

    2/4/2025Senate
  16. S Placed on General File

    1/31/2025Senate
  17. S04 - Education:Recommend Do Pass 5-0-0-0-0

    1/31/2025Senate
  18. S Introduced and Referred to S04 - Education

    1/23/2025Senate
  19. S Received for Introduction

    1/20/2025Senate
  20. Bill Number Assigned

    1/17/2025

Bill Text

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