The bill amends provisions related to a school district's ability to impose an excess tax levy and enter into agreements or issue capital outlay certificates. It specifies that the governing body of a school district can raise additional revenues for general fund purposes through an excess tax levy, which requires a two-thirds affirmative vote by July 15 of the year prior to the tax payment year. The governing body must clearly state the duration of the excess tax levy in the resolution. Additionally, the bill outlines specific requirements for public announcements regarding the tax levy, including publication timelines, formatting, and the necessity for a referendum election to approve the levy, which must occur before October 1 of the year prior to the tax payment year.

Furthermore, the bill modifies the process for school districts to enter into agreements or issue capital outlay certificates. It establishes that such actions can only proceed if approved by the voters at a regular or special election. The business manager is tasked with notifying the public about the ballot question and ensuring that official ballots are prepared according to election laws. The decision on these matters will be determined by a sixty percent majority of those voting. Overall, the bill aims to enhance transparency and accountability in school district financial decisions while ensuring that taxpayers have a voice in significant fiscal matters.

Statutes affected:
Introduced, 02/05/2025: 10-12-43, 13-16-6.4
Senate Education Engrossed, 02/13/2025: 10-12-43, 13-16-6.4
Senate Engrossed, 02/20/2025: 10-12-43, 13-16-6.4