2016 House Bill 5758

Authorize 5-mill "sinking fund" property tax for school buses

Introduced in the House

June 9, 2016

Introduced by Rep. Kristy Pagan (D-21)

To allow school districts to use a “sinking fund” property tax to buy school buses. Under current law, schools may levy up to 5 mills for 20 years for a “sinking fund,” which is a permanent fund that may only be used only for land purchases and the construction or (major) repair of school buildings.

Referred to the Committee on Appropriations