The Foundation Aid update is currently under review by the Rockefeller Institute, with a report expected on December 1. This update will influence next year’s budget, but the timeline for integrating recommendations into proposals from both the Board of Regents (December 9) and the governor is tight (January 2025). Key priorities for the updated formula include treating similar districts equitably, incorporating flexibility, and using a rolling three-year average to address both current conditions and future stability.