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Office of the Revisor of Statutes

SF 3424 Senate Long Description

Relating to education; providing property tax equity for school districts; modifying the debt service equalization revenue and levy formulas and providing an annual appropriation to the commissioner of children, families and learning for payment of debt service equalization aid; modifying the health and safety levy and alternative facilities aid formulas and providing an annual appropriation to the commissioner for payment of alternative facilities aid, requiring reduction by specific appropriations; modifying the referendum equalization revenue and levy formulas and extending referendum authority; providing for building lease revenue and equalized building lease levy and aid formulas, eliminating certain references to capital expenditure levy under the revenue formula (mk)