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Public hearings begin on HB 581 opt-out; brief public comment opposes board preemptive opt-out
Summary
As required by law, City Schools of Decatur held the second of five public hearings on whether the district will opt out of the statewide homestead exemption enacted by House Bill 581; staff laid out projected multi-year revenue impacts and several members of the public urged the board not to opt out.
City Schools of Decatur held the second of five public hearings on Jan. 14 to gather public input on whether the district will opt out of the statewide homestead exemption authorized by House Bill 581. The district intends to complete required hearings before a board resolution is filed by March 1, 2025.
Chief Financial Officer Dr. Lonita Broom reviewed the bill—s provisions and the district—s planned opt-out procedures. House Bill 581 would permit the state to establish a statewide homestead cap on property-tax increases tied to inflation. Local entities (cities, counties and school…
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