Fiscal Note

SB0046 - School Property Tax Equalization Amendments

State Impact:
Enactment of this bill will not require additional appropriations.

Individual, Business and/or Local Impact:
By eliminating provisions for a county-wide pool of capital outlay property tax revenues, enactment of this bill may increase or decrease the amount of capital outlay property tax revenues a school district in a county of the first class receives. The total increase or decrease is dependent on a district's allocation of property tax revenues from the county-wide pool in relation to the amount of property tax revenue a school district can generate based on the value of property within its jurisdiction.