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Board hears advocacy update on substitute House Bill 96; district warns against 25% cash-balance restriction
Summary
District leaders and board members reported that the substitute version of House Bill 96 would reverse an earlier projected revenue loss and instead show a modest gain, but expressed concern about a provision allowing tax reductions when a district’s cash balance exceeds 25% of prior-year expenses.
Board members and district staff provided an advocacy update on substitute House Bill 96 at the April 7 meeting, describing both revenue simulations and a new provision that could affect future local tax levies.
According to the presentation, the district’s simulation showed that under the original House Bill 96 the district would have stood to lose about $2.1 million; the substitute bill, as presented to the board, would yield a gain of about $220,000 for the district — a swing of roughly $2.3 million. Board members praised legislators who incorporated changes they had…
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