The bill proposes an amendment to the Education Code by adding Section 48.2554, which establishes a new maximum compressed tax rate for school districts for the 2025-2026 school year. Specifically, it mandates that the commissioner calculate each district's maximum compressed tax rate by reducing the rate determined under existing sections by $0.0331. Additionally, if a district's calculated rate falls below 90% of another district's rate, it will be adjusted to match that threshold. The bill also clarifies that references to a district's maximum compressed tax rate in various legal provisions will now refer to the rate determined under this new section.

Furthermore, the bill outlines that for the 2026-2027 school year, the maximum compressed tax rate for a district will be based on the rate established under this new section for the previous year. This section is set to expire on September 1, 2027, and the bill will take effect on September 1, 2025.

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