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Senate approves third substitute of SB97 to raise state property-tax base for school equalization
Summary
The Utah Senate approved a third-substitute of Senate Bill 97, voting 22–7 to increase the state basic property-tax rate and direct roughly $75 million into a restricted account to equalize school funding across districts, with 75% aimed at voted-leeway guarantees and 25% for capital outlay.
Senators voted 22–7 to advance a third-substitute version of Senate Bill 97, a measure the sponsor described as a targeted increase to the state basic property-tax rate intended to reduce wide disparities in public-school funding.
Sponsor Senator Osman told colleagues he has worked on the proposal for three years and showed data he said demonstrated sharp variation in property value and per-student revenue across Utah school districts, citing examples that in his presentation South Sanpete generated about $1,409 per student while Park City generated about $6,737 per student. He said the bill would capture a portion of revenue lost…
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