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House Education committee tables bill to use SEPTA funds for overbase increases
Summary
After extended questioning about whether tapping the School Equalization and Property Tax Relief Account (SEPTA) would affect property taxes, the House Education committee voted to table House Bill 265 (sponsor: Rep. Miscavige). Members had debated an amendment directing SEPTA as the first source for overbase inflationary increases.
The House Education committee on Feb. 14 tabled House Bill 265 after extended discussion about how directing the School Equalization and Property Tax Relief Account (SEPTA) to fund inflationary increases would interact with property-tax levies.
Laura, the committee staff reviewer, said HB 265 would authorize school boards to increase a previously voter-approved overbase levy by the same inflationary adjustment the legislature provides for other entitlements and would designate the SEPTA account as the first source of funding. An amendment pulled existing language…
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