HB 2746: K-12 education policy

Summary

• Sets forth in statute a finding that the current system of financing public schools relies increasingly on a system of excess property tax levies which are not regular and dependable revenue sources.
• Modifies the charge of the Local Finance Working Group to include an analysis of strategies for a) increasing K-12 funding through the statewide property tax, b) reducing reliance on voter-approved maintenance and operation levies, c) removing levy grandfathering provisions in current law, and d) providing property tax relief for property poor districts.
• Adds a preliminary report to the work of the Local Finance Working group, due December 1, 2010, and adds the Department of Revenue among agencies which must provide staff support to the Working Group.

From the House Bill Analysis 2010 (HB 2746), written by the Legislature's nonpartisan staff. Read the full report ↗