The bill amends existing provisions related to school districts' ability to impose excess tax levies and enter into agreements for capital outlay certificates. It specifies that the governing body of a school district must provide clear details in their resolution regarding the duration of the excess tax levy. Additionally, the bill outlines new requirements for public announcements related to tax increases, including the necessity for the announcement to be published within ten days of the decision, the format and size of the announcement, and the inclusion of specific language to inform taxpayers about the proposed tax increase. The bill also mandates that any decision to opt out must be referred to a vote, requiring a sixty percent approval from voters.

Furthermore, the bill modifies the process for school districts to enter into agreements or issue capital outlay certificates. It stipulates that such actions can only proceed if approved by voters during 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. Overall, the amendments aim to enhance transparency and accountability in school district financial decisions while ensuring that taxpayers are adequately informed and have a say in significant fiscal changes.

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