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 this calculated rate is less than 90% of another district's rate, the district's rate will be adjusted to match 90% of that higher rate. The bill also clarifies that references to a school district's maximum compressed tax rate in various legal provisions will now refer to the rate determined under this new section.

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

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