Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Rep. Schamberg proposes redirecting larger share of business tax revenue to education trust fund to cut property tax burden
Summary
Concord ' Rep. Tom Schamberg told the House Ways and Means Committee on Oct. 12 that two related bills he filed, HB 255 and HB 318, are part of a package meant to shift a larger share of business‑tax revenue into the Education Trust Fund and reduce the local property‑tax burden.
Concord ' Rep. Tom Schamberg told the House Ways and Means Committee on Oct. 12 that two related bills he filed, HB 255 and HB 318, are part of a package meant to shift a larger share of business‑tax revenue into the Education Trust Fund and reduce the local property‑tax burden.
Schamberg framed the bills as a path toward local property‑tax relief. "The legislative intent of this bill ... is of local education property tax relief for all real estate taxpayers," he said, and presented DRA figures that the two bills together would raise an estimated $226 million for the Education Trust Fund using FY24 data: roughly $158 million…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
