Bill > SB0037

This bill amends several sections of Utah law related to the minimum basic tax rate for school districts, making changes to how school funding is calculated, collected, and distributed. The bill adjusts the process for determining the minimum basic local amount and the Weighted Pupil Unit (WPU) value amount for the fiscal year beginning July 1, 2024, setting specific revenue targets. It modifies how local school boards impose and collect the combined basic tax rate, requiring county treasurers to collect the revenue and remit it to the state treasurer, who will then deposit it in the General Fund and communicate the amount to the state board. The state board will then remit an equivalent amount to the relevant school district within 35 days. The bill also changes how state contributions to school districts are calculated, streamlining the process for ensuring each district receives funding for its basic school program. Additionally, the bill makes technical changes to how undervaluation of local taxable valuation is handled and how excess funds are managed. These modifications aim to provide more clarity and efficiency in the school district funding mechanism, with the changes taking effect on May 7, 2025.

Budget and Finance

https://le.utah.gov/~2025/bills/static/SB0037.html