Decreases the rate of ad valorem tax imposed by a school district in Kansas.
This bill amends the Kansas Statutes to decrease the rate of ad valorem tax imposed by school districts for specific school years. The tax is levied to finance the school district's general fund budget, fulfill the constitutional obligation to finance educational interests, and support operating and maintaining public schools. The tax rates are set to decrease incrementally from the 2025-2026 school year through 2031-2032, after which a new rate applies.
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