Authorizes state bonds to refund school district debt and conditionally waives property tax levies for school debt.
The bill authorizes the issuance of state bonds to refund existing school district obligations and conditionally waives the requirement for schools to levy property taxes to pay debt charges starting in 2027. It also conditionally establishes a treasury fund restricted to educational purposes. If approved by voters, the changes would take immediate effect.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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