Bills › 88th General Assembly
Relating to the calculation and allocation of adjusted additional property tax levy aid for school districts and including applicability provisions
Where it is now
- Done: IntroducedJanuary 24, 2019
- Done: SubcommitteeJanuary 29, 2019
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
Annually, $24 million and the balance of the property tax equity and relief fund are appropriated to provide adjusted additional property tax levy aid to school districts in an amount equal to the difference between the adjusted additional property tax levy rate and the statewide maximum adjusted additional property tax levy rate, as calculated by the department of management. Current law provides that the statewide maximum adjusted additional property tax levy rate is calculated using the amounts appropriated, but not to exceed the statewide average additional property tax levy rate calculated by dividing the total adjusted additional property tax levy dollars statewide by the statewide total net taxable valuation.
Read the full explanation
This bill provides that the statewide maximum adjusted additional property tax levy rate, as calculated by the department of management, shall instead not be less than the lowest adjusted additional property tax levy rate among all school districts in the state. Accordingly, the bill allows for lowering all school district adjusted additional property tax levy rates to the lowest adjusted additional property tax levy rate among all school districts in the state if sufficient funding is appropriated. The bill applies July 1, 2020, for school budget years beginning on or after that date.
House subcommittee
Named January 21, 2020. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part