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Committee debates predictability of tax-rate and education payment transitions
Summary
Committee members questioned whether transition calculations should be fixed at the start of the multi-year transition or recalculated annually, and discussed the related effect on Education Opportunity Payments (EOP) and municipal budgets; members asked for explicit tests and earlier studies to reduce uncertainty.
Members of the conference committee debated whether transition calculations in the conference draft should be set at the beginning of the multi-year transition or recalculated annually.
Legislators argued that fixing transition parameters at the outset — for example, setting multi-year transition rates at the start of the transition — would increase predictability for districts…
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