A revision in the way Kansas calculates aid for school district projects could help lower property taxes for residents across the state.
The Senate unanimously signed off on legislation Wednesday to provide additional support for bonds issued to fund facility improvements. The formula changes would apply to future bond projects, as well as those issued in the past five years.
Under a formula adopted in 2015, the state calculates assistance based on how a school district compares to the district with the lowest assessed property value per pupil. The numbers are skewed because Fort Leavenworth Unified School District 207 sits on a military base with virtually no taxable property.
The Senate unanimously signed off on legislation Wednesday to provide additional support for bonds issued to fund facility improvements. The formula changes would apply to future bond projects, as well as those issued in the past five years.
Under a formula adopted in 2015, the state calculates assistance based on how a school district compares to the district with the lowest assessed property value per pupil. The numbers are skewed because Fort Leavenworth Unified School District 207 sits on a military base with virtually no taxable property.
Source: CCherokee County News AdvocateRead the full story ↗
Planning a project in your community?
Talk with our municipal advisory team about financing options.
