Allocates at least fifty percent of any new state revenue to the implementation of the basic education program as established in chapter 548, Laws of 2009.

Adjusts the timelines for other working groups so that their expertise and advice can be received as soon as possible and to make technical adjustments to certain provisions of chapter 548, Laws of 2009.

Requires the quality education council to: (1) Monitor progress of the K-12 data governance group and develop and recommend a process for how to adequately fund and use research-based, empirical data analysis to analyze and drive evidence-based practices through the education research and data center and data governance group; and

(2) Evaluate the effectiveness of the beginning educator support team pilot program and, if the program proves effective, recommend the phase-in of funding beginning in the 2011-12 school year.

Requires the funding formula technical working group to develop the details of a new component to the prototype school funding formulas to provide funding for school districts designated as requiring action by the state board of education to support transformation efforts in persistently low-performing schools.

Creates the education stabilization account.