This bill amends several sections of the North Dakota Century Code to update the processes for state aid payments to school districts, particularly focusing on the determination of baseline funding and the requirements for filing taxable valuations and mill levy certifications. It mandates that school districts must file these certifications separated by property classification by December 15th each year, with the consequence that failure to comply will result in the withholding of state aid payments. The bill also revises the calculation of baseline funding, removing outdated provisions and establishing new criteria based on historical revenue data, while introducing a phased approach to adjusting funding levels based on district financial performance and student enrollment changes.

Additionally, the bill outlines permissible mill levies for various educational purposes, allowing school districts to levy up to ten mills for educational services and up to twelve mills for miscellaneous purposes, with specific fund restrictions. It modifies property tax statements to include a line item for "legislative tax relief," detailing property tax savings provided by the state, and specifies how to calculate this relief for different property types. The effective date for certain sections of the bill is set for taxable years beginning after December 31, 2024.

Statutes affected:
Prepared by the Legislative Council staff for Senator Erbele: 15.1-27-02, 15.1-27-04.1, 15.1-27-04.2, 57-15-01.1, 57-15-14, 57-15-14.2, 57-20-07.1
FIRST ENGROSSMENT: 15.1-27-02, 15.1-27-04.1, 15.1-27-04.2, 57-15-01.1, 57-15-14, 57-15-14.2, 57-20-07.1
Prepared by the Legislative Council staff for Senate Appropriations Committee: 15.1-27-02, 15.1-27-04.1, 15.1-27-04.2, 57-15-01.1, 57-15-14, 57-15-14.2, 57-20-07.1
SECOND ENGROSSMENT: 15.1-27-02, 15.1-27-04.1, 15.1-27-04.2, 57-15-01.1, 57-15-14, 57-15-14.2, 57-20-07.1
Prepared by the Legislative Council staff for Senator Mathern: 15.1-27-02, 15.1-27-04.1, 15.1-27-04.2, 57-15-01.1, 57-15-14, 57-15-14.2, 57-20-07.1
THIRD ENGROSSMENT: 15.1-27-02, 15.1-27-04.1, 15.1-27-04.2, 57-15-01.1, 57-15-14, 57-15-14.2, 57-20-07.1