Property Tax Freeze
MussmanPassed the House, no action by the Senate
IHSDO strongly opposes a Property Tax Freeze
Property taxes are the most reliable and predictable source of revenue for our school districts
School district revenue must keep up with the rate of inflation as it relates to cost of operations; goods, services, payroll, benefits, etc.
An immediate effective date does not allow school districts adequate time to prepare. School districts are in the midst of multi-year contracts that stipulate increases aligned with the Consumer Price Index (CPI) .
The Evidence Based Funding formula just passed and has yet to be implemented.