AN ACT relating to funding school districts that have a high percentage of tax-exempt property.

Summary

The bill directs the Finance and Administration Cabinet to pay school districts at least 25% of the property tax revenue they lose when most of their real estate is tax‑exempt and they receive no other relief. It also requires the Cabinet to contract with the City of Frankfort for fire, police, and other municipal services for state agencies. The goal is to help districts maintain funding despite a high share of tax‑exempt property.

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