2015 House Bill 5136

Authorize 5-mill "sinking fund" tax for school security and more

Introduced in the House

Dec. 9, 2015

Introduced by Rep. Kristy Pagan (D-21)

To allow school districts to use a “sinking fund” property tax to pay for security improvements, and for any other “capital purchase.” Schools can currently levy a 5 mill sinking fund for 20 years but only use the money for a limited number of things.

Referred to the Committee on Appropriations