Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate debates plan to equalize local school property-tax revenue; sponsor circulates bill for more work
Summary
Senators extensively debated a plan (first/second-substitute SB111) to fix the state basic levy and funnel new revenue into a capped 'growth account' that would be equalized to districts. Sponsor said an amendment reduced estimated near-term revenue from about $44 million to roughly $12 million and the bill was circled for more review.
Senator Derek Osman introduced a substitute to Senate Bill 111 on Feb. 24, proposing to fix Utah’s state basic levy so that rising property values generate new revenue that would be placed in a growth account and redistributed to school districts on a per‑student basis.
Osman said the plan is meant to address sharp local differences in property‑tax revenue per student, pointing to examples where Park City generates roughly $8,000 per student while some districts generate near $1,000. "As property values increase, the rate drops so that it's revenue neutral. My proposal is let's fix that rate," Osman said, adding that new revenue would be equalized back…
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
