The Senate Finance Committee has advanced a broad-ranging education bill that adds more money to public education and raises the required local contribution for schools.

The committee has proposed $100 million in extra funding for districts over the next three years, in addition to support for charter schools, residential schools, correspondence programs and other initiatives. The $100 million would be distributed to districts outside the per-student funding formula known as the base student allocation.

Some lawmakers say the formula needs to be examined. The committee, in its rewrite of HB278, proposes a study of how the state funds education.

But critics say having the extra funding in the formula ensures it's there and helps districts plan.

The bill raises the local mill levy and allows for greater voluntary contributions by municipalities.