Defines surplus funds for certain school years as operating funds exceeding five percent of the current school year budget.

This bill amends the real property tax law to redefine surplus funds for the 2026-2027, 2027-2028, and 2028-2029 school years. It specifies that surplus funds for these years mean any operating funds in excess of five percent of the current school year budget, excluding funds retained under other sections of law. The warrant of the collecting officer must state the amount of unexpended surplus funds and confirm their application in determining the school tax levy.

Defines surplus funds for certain school years as operating funds exceeding five percent of the current school year budget.

This bill amends the real property tax law to redefine surplus funds for the 2026-2027, 2027-2028, and 2028-2029 school years. It specifies that surplus funds for these years mean any operating funds in excess of five percent of the current school year budget, excluding funds retained under other sections of law. The warrant of the collecting officer must state the amount of unexpended surplus funds and confirm their application in determining the school tax levy.