House and Senate negotiators say a team of constitutional lawyers are reviewing a proposed amendment.
Earlier this session, the House and Senate both passed plans.
But the two bodies differed on the appropriate level of court oversight and the role local school districts have in establishing standards.
A high-ranking House member says those disagreements have been addressed.
Senate Majority leader Jeb Bradley says there’s a historic quality to the moment.
“We who have an obligation to put the question to the voters of how we are going to fund education. And that is much bigger than any of us, much bigger than our careers. This is the future of the state.”
Legislative leaders and Governor Lynch have said they want to craft an amendment that gives the state greater flexibility to target aid.
Critics say the amendment is a move to reduce education funding at the state level.