HB 769-FN - AS INTRODUCED
2025 SESSION
25-0565
02/11
HOUSE BILL 769-FN
SPONSORS: Rep. Gould, Hills. 2
COMMITTEE: Education Funding
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ANALYSIS
This bill increases the base cost of providing the opportunity for an adequate education, and changes the statewide education property tax rate.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
25-0565
02/11
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Five
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Cost of an Opportunity for an Adequate Education. Amend RSA 198:40-a, I-II(a) to read as follows:
I. For the biennium beginning July 1, [2023] 2025, the annual cost of providing the opportunity for an adequate education as defined in RSA 193-E:2-a shall be as specified in paragraph II. The department shall adjust the rates specified in this paragraph in accordance with RSA 198:40-d.
II.(a) A cost of [$4,100] $7,356.01 per pupil in the ADMR, plus differentiated aid as follows:
76:3 Education Tax. Beginning July 1, [2005] 2025, and every fiscal year thereafter, [the commissioner of the department of revenue administration shall set] the education tax rate [at a level sufficient to generate revenue of $363,000,000 when] shall be set at $2.50 per $1,000 and imposed on all persons and property taxable pursuant to RSA 76:8, except property subject to tax under RSA 82 and RSA 83-F. [The education property tax rate shall be effective for the following fiscal year. The rate shall be set to the nearest 1/2 cent necessary to generate the revenue required in this section.]
2 Effective Date. This act shall take effect July 1, 2025.
25-0565
1/9/25
HB 769-FN- FISCAL NOTE
AS INTRODUCED
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from the Department of Education. The Department was contacted on 12/27/24 for a fiscal note worksheet. When completed, the fiscal note will be forwarded to the House Clerk's Office.
AGENCIES CONTACTED:
Department of Education and Department of Revenue Administration