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Committee hears levy-tracking briefing; staff explains 'zero levy target' and unemployment insurance treatment for districts
Summary
House Fiscal walked the committee through the property-tax levy tracking worksheet, major levy categories and how the Legislature uses a 'zero levy target' to neutralize levy impacts; staff also explained school district unemployment insurance reimbursements and the treatment of summer hourly workers.
Nonpartisan staff reviewed the Education Finance Committee’s property-tax levy tracking spreadsheet and explained the largest levy categories and the mechanics members need to understand when drafting levy or aid changes.
Ms. Beckel presented the worksheet titled "Education Finance 2024 November Forecast Property Tax Levy Tracking," described the difference between entitlement (calculated district amounts) and appropriation (90%/10% payment practice), and walked members through headline levies such as local optional revenue, operating capital, referendum…
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