Bill Title: Amends the Property Tax Code. Creates the School District Extension Freeze Law. Provides that, if at the end of any levy year, a school district has reserves of 50% or more of its operating budget, then the school district's extension for all purposes may not exceed its extension for the previous levy year. Provides that, if the school district has reserves of 60% or more at the end of the immediately preceding levy year, then the district's extension shall be reduced by an amount equal to the difference between the district's reserve amount for the immediately preceding levy year and a reserve amount of 60% for that levy year. Effective July 1, 2023.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB3645 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Fred Crespo [D]	Primary	Sponsored Bills	HD-044	FollowTheMoney	Ballotpedia	VoteSmart
Representative Michael Kelly [D]	Cosponsor	Sponsored Bills	HD-015	N/A	Ballotpedia	VoteSmart
Senator Mark Walker [D]	Cosponsor	Sponsored Bills	SD-027	FollowTheMoney	Ballotpedia	VoteSmart

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