Just About the Only Way to Describe It! Bills are being introduced at a brisk pace with another 152 new pieces of proposed legislation hitting the starting in the House today. The Senate did not meet, but we are seeing both bodies meeting an extra day per week to get bills started in the process this session. Here are today’s House bill introductions that have been referred to either the House Education Finance Committee or the House Education Policy Committee:
Testimony in House Property Tax Division. I had the opportunity to testify in the House Property Tax Division this morning to provide insight from an education finance perspective as to why property taxes might be going up. My testimony was limited due to time constraints, but I had ample opportunity to point out that when equalizing factors are expressed as a constant value, rising property wealth erodes the amount of aid districts receive in conjunction with these levies. I used the erosion in aid delivered to districts in the operating levy as an example of how when equalizing factors are not indexed (and on top of that way too low), the property tax portion of the aid/levy mix rises. Thanks to Chair Dave Lisligard for inviting me to testify. It’s always an interesting and enjoyable change of pace to head over to the tax-related committees.