Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 3601 modifies the calculation of ad valorem tax rates and alters voter approval requirements for tax increases. It mandates that if a school district's guaranteed funding level per student increases, it must lower its tax rate accordingly. The bill also raises the voter approval threshold for tax rate increases from a simple majority to two-thirds of voters in applicable elections.
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