When the year started, with Beacon Hill poised to make another go at a bill revamping the state’s education funding formula, some advocates were focused on boosting funding for schools, while others were insisting that new money come with new ways of holding districts accountable for how it’s spent and for closing the yawning achievement gaps that characterize the state’s K-12 landscape.

The fact that leading voices from both camps are applauding the legislation that was rolled out last week underscores the success legislative leaders have had in crafting a bill that’s receiving widespread support.

“Two thumbs up,” said Sen. Sonia Chang-Diaz on a new episode of The Codcast. “In vast majority, it hits all of the marks,” she said of the bill unveiled jointly by the education committee co-chairs, Rep. Alice Peisch and Sen. Jason Lewis, together with House Speaker Robert DeLeo and Senate President Karen Spilka.