SB 353 -- CALCULATED LEVY FOR SCHOOL DISTRICTS

This bill revises the definition of operating levy, which
contains a provision that protects districts against the loss of
state aid when a district is forced to roll its tax rate back
because of reassessment.  Currently, if a district increases its
voluntary rollback, it loses the benefit of the so-called
"calculated levy."  The bill permits the use of the calculated
levy as long as a district does not decrease its tax rate
voluntarily.  Currently, if a school 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.  The bill also removes the 5-year limitation.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:47 am