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Committee advances bill letting school systems lower 14-mill floor to 10 mills
Summary
The committee voted to advance Senate Bill 44, which would allow local school systems that currently face a 14-mill property tax floor to roll back their school millage as low as 10 mills while preserving eligibility for state equalization funding.
Senator Watson introduced Senate Bill 44 to the Education Committee, saying the measure would let local school systems that are constrained by a 14-mill floor reduce their millage to as low as 10 mills if they choose.
The bill is aimed at systems where the property tax digest has increased and local officials want to pass some of the increase back to taxpayers. "All we're doing in this bill is allowing those systems that want to go below the 14 mil, lower to 10 mils if they want…
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