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Bill would require counties to remit basic school levy to state, creating $842 million flow shift
Summary
A proposed change to how basic school levy property-tax revenues are collected would route roughly $842 million a year through the state treasurer and shift funding flows between the Uniform School Fund and the general fund, state finance staff told the State Board of Education.
Sam Urey, school finance director for the Utah State Board of Education, and Dale Frost, minimum school program administrator, briefed the board on Senate Bill 37 and its likely fiscal effect.
"What this bill does is now requires counties to remit those revenues directly to the state," Dale Frost said, describing a change to how basic-levy property tax receipts would be handled under SB 37.
The bill would have counties remit revenue from the basic levy directly to the state treasurer rather than leaving those dollars in local district coffers and then reducing state allocations. Under current practice, districts collect basic-levy revenue and state aid for the minimum school program is reduced by that local amount. Under the bill, Frost said, counties would remit basic-levy receipts to the state treasurer and the state would deposit the money into the state general fund;…
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