2021 Senate Bill 20

Authorize 3-mill "sinking fund" property tax for school buses

Introduced in the Senate

Jan. 13, 2021

Introduced by Sen. Dale Zorn (R-17)

To allow school districts to use a “sinking fund” property tax for “pupil transportation” (buying school buses). Under current law, schools may levy up to 3 mills for 10 years for a “sinking fund,” which is a permanent account that may only be used only for land purchases and the construction or (major) repair of school buildings, or (under recent expansions) to pay for “information technology” and school security measures..

Referred to the Committee on Finance