S12712022 Regular Session
Amends and adds to existing law to provide for state support of discretionary spending by school districts.
EDUCATION -- Amends and adds to existing law to provide for state support of discretionary spending by school districts.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
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This bill provides a method for the legislature to appropriate additional funds for K-12 schools and reduce local propertytaxes. Schoolsthathaveasupplementalmaintenanceandoperationlevyarerequiredtouse75%ofthe funds they receive to reduce the levy. After reducing the levy, or if a school has no levy, any funds remaining can be used at the discretion of the School Board. If a school takes the funds one year but does not reduce the levy, the school is ineligible for these funds for two (2) years.
LATEST ACTION
Reported Printed; referred to Education
BILL INFO
- Session
- 2022
- Chamber
- senate
- Status date
- Feb 4, 2022
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