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Lawmakers press tax commissioner on education transformation funding, property‑tax stabilization and consolidation costs
Summary
During the tax briefing, committee members pressed Tax Commissioner Craig Volley for details on how the governor's property‑tax stabilization and education transformation set‑aside would support school consolidation and transition costs.
During the same tax briefing, committee members pressed Tax Commissioner Craig Volley and discussed the governor's proposed property tax stabilization for fiscal year 2026 and a set‑aside mechanism for education transformation.
Volley described a “waterfall” in the budget: if surplus revenues are realized at the July fiscal review, those monies would be set aside to help with education transformation. He said the budget language is flexible and lists possible uses including school consolidation, construction or repurposing of buildings, property tax stabilization and other transition costs, but that any use would remain subject to the legislature's appropriation process.
“Those monies would be put aside to help with the education transformation,” Volley said, explaining that the language allows multiple possible uses…
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