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Subcommittee approves bill lowering equalization minimum millage and adding penalty for deep rollbacks
Summary
Rep. Cannon’s substitute to HB12 (LC492215S) would lower the minimum millage threshold for school equalization from 14 mills to 10 mills, allowing some school systems to roll back rates while preserving local contributions; it also adds a penalty of a 25% reduction in equalization if a locality goes below the new threshold.
Representative Cannon presented a substitute to House Bill 12 (LC492215S), proposing to change the statutory minimum millage used in equalization calculations from 14 mills to 10 mills and to add a penalty for jurisdictions that drop below the new threshold.
Cannon told the committee the 2019 law that set a 14‑mill threshold has led some systems to…
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