A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions.

Summary

The legislation revises how property values are assessed for tax purposes and adjusts the way revenue is divided among state and local governments. It also earmarks money from the Secure an Advanced Vision for Education Fund to start a program that helps first‑time homebuyers. These changes are intended to improve funding fairness and support affordable homeownership.

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