Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate committee hears amendment to smooth tax-rate setting for new school district
Summary
Senate Ways and Means held a public hearing on Amendment 2214s to allow a newly formed school district to set an initial tax rate without being constrained by prior-year formulas; Department of Revenue Administration said it can implement the change.
The Senate Ways and Means Committee held a public hearing on Amendment 2214s on a technical change to how property tax rates are set for a newly formed school district.
The amendment, presented by Senator Innes and described in detail by Dan Ennis of Bradford, would create an exception to a statutory formula that limits taxes by member towns to the prior year’s assessed valuation multiplied by half of the previous year’s rate. Ennis said the formula creates “a little bit of a problem” for the newly formed district because the valuation and rate baseline will change substantially, producing an unexpectedly large bill for…
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
