"Fully Funding Schools and Cutting Property Taxes Act"; repeals certain sections of law; requires additional aid to lower property taxes commensurate with residents' ability to support schools; appropriates $2.9 billion.

Summary

The bill guarantees that each school district receives the highest of three calculated aid amounts, and lets districts request more aid if they can prove a matching reduction in their property‑tax levy. It also obliges districts that get higher state aid to lower their budgets and tax levies, aiming to keep property taxes down while fully funding schools. The measure appropriates $2.9 billion to cover the additional aid.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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