This bill amends K.S.A. 2025 Supp. 72-5142 to decrease the ad valorem tax rate imposed by school districts over several school years. Specifically, the bill removes the requirement for a 20-mill tax rate in the school years 2025-2026 and 2026-2027, and establishes a decreasing tax rate schedule starting at 19 mills for the school year 2027-2028, down to 15 mills for the school year 2031-2032 and each year thereafter. The tax is levied for financing the school district's general fund budget, operating and maintaining public schools, and for certain redevelopment projects.

Additionally, the bill repeals the existing section of K.S.A. 2025 Supp. 72-5142, which indicates a significant change in the legal framework governing property tax rates for school districts. The act will take effect upon its publication in the statute book, signaling a shift towards lower property tax rates for the specified school years.

Statutes affected:
As introduced: 72-5142, 79-1964, 79-1964a, 79-1964b