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Committee advances bill allowing local school systems to lower millage floor from 14 to 10 mils
Summary
Senate Bill 44 would let local school systems reduce the statutory minimum millage from 14 mils to 10 mils so districts can pass property-tax relief back to taxpayers when digest values increase. The committee approved the measure by voice vote.
Senator (author) presented Senate Bill 44, which would permit local school systems to lower the minimum authorized millage rate from the current statutory floor of 14 mills to 10 mills. The sponsor said the change would allow districts to return revenue to taxpayers when local property tax digests increase rather than leaving the higher revenue in district coffers because of a statutory floor.
The bill language exempts equalization funds from effect and includes a penalty provision intended to ensure local systems retain fiscal responsibility. The sponsor said the measure mirrors similar language already passed in the House last session and that the Senate previously passed the companion. Committee members expressed support. Representative Townsend noted support and moved at the appropriate time. The committee approved the bill by voice vote with no recorded opposition in the excerpted transcript.
