Proposes a constitutional amendment authorizing school districts to include governmental entity property owned for development or redevelopment purposes in calculations of assessed valuation for school district indebtedness purposes

Summary

The amendment would allow voters in a school district to approve debt up to 15% of the district's taxable property value, and to include municipal land owned for industrial development (normally tax‑exempt) in that valuation. This changes how the debt ceiling is calculated, potentially increasing borrowing capacity for school projects. It requires a super‑majority vote of qualified electors.

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