A bill for an act permitting an exchange of the cash reserve levy for another local levy within the school budget for certain school districts to correct for an extreme circumstance and including effective date provisions.(Formerly HSB 781.)

This bill allows certain school districts to increase their cash reserve levy for the 2026-2027 school year if a large property value correction significantly reduced their tax base. To do this, the district must also reduce other property tax levies by an equal or greater amount, ensuring the total property tax collected does not increase. School districts wanting to make these changes must notify the department of management, which will then adjust the tax rates.

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