REVENUE-PROP TAX RELIEF

Summary

The bill establishes the Education Property Tax Relief Fund and tasks the State Board of Education with awarding property‑tax relief grants to school districts. In exchange, a district’s total property‑tax levy may not exceed its adjusted maximum after the grant is applied. Funding is set at $600 million annually for fiscal years 2030‑33 and $1.7 billion each year thereafter.

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