HCS HB 334 -- CALCULATED LEVY FOR SCHOOL AID (Davis)

This substitute removes the 5-year restriction on the use of a
calculated levy by a school district under certain
circumstances.  The calculated levy prevents a school district
from losing state aid when it must roll back property taxes
because of reassessment.  Currently, if a school district board
increases its levy to a level that is higher than the calculated
levy, it will lose its prior adjustments made for reassessment
rollback after 5 years.

FISCAL NOTE:  No impact on state funds.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:43 am