Declares an intent that additional funding provided under this act be used by school districts to provide regional cost-of-living salary supplements to school district employees, as determined through collective bargaining.

Provides that a county may impose a regular property tax levy for the maintenance and operation of schools within the county in accordance with this act.

Provides that each school receiving levy proceeds under this act shall annually report to the superintendent of public instruction on the use of the proceeds. The report shall include a detailed description of the additional time, additional responsibilities, or incentives for which certificated instructional staff receive the supplemental contracts supported by the proceeds.

Requires the state auditor to conduct regular audits of compliance with RCW 28A.400.200 in the implementation of this act.