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Committee reports K–12 property-tax and revenue growth bill after heated debate; several voter-protection amendments rejected
Summary
Proposed substitute House Bill 2,049, which would change the revenue-growth limit for property taxes to incorporate inflation and population and alter several K–12 funding calculations, was reported out of the Finance Committee with a due pass recommendation after contested debate; staff announced a 9-6 vote in committee.
The House Finance Committee on Saturday voted to report proposed substitute House Bill 2,049, a multipart measure addressing K–12 education funding and adjustments to property tax limit calculations, after extensive debate and several rejected amendments. The substitute would change how the revenue growth limit is calculated for taxing districts by replacing a flat 1% factor with a formula that includes population change and inflation, subject to a 3% cap, and would adjust certain components of education funding calculations.
As briefed by committee staff, the substitute modifies the definition…
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