Increases property tax limits to support K-12 education and public safety in Washington.

The bill raises property tax limits to address growing educational needs and public safety challenges in Washington. It increases the property tax growth cap from one percent to three percent to support K-12 education and public safety. The bill also revises the school funding formula to ensure equitable funding for historically underinvested areas. It mandates the superintendent of public instruction to convene a K-12 funding equity work group to analyze funding formulas and explore revisions.

Increases property tax limits to support K-12 education and public safety in Washington.

The bill raises property tax limits to address growing educational needs and public safety challenges in Washington. It increases the property tax growth cap from one percent to three percent to support K-12 education and public safety. The bill also revises the school funding formula to ensure equitable funding for historically underinvested areas. It mandates the superintendent of public instruction to convene a K-12 funding equity work group to analyze funding formulas and explore revisions.