Bill > HB137

This bill modifies how excess statewide education property tax funds are handled in New Hampshire. Currently, when the state commissioner of revenue issues tax warrants to municipalities for school funding, any money collected above the "adequacy grant" (a state-defined base funding amount for schools) would now remain with the local municipality for use by their school district or districts. Additionally, the bill expands reporting requirements by adding the chairs of the senate and house education committees to the list of officials who receive a statement of education tax warrants for the upcoming tax year. The bill is set to take effect on April 1, 2026, and aims to provide local communities with more flexibility in using surplus education tax revenue. By allowing municipalities to retain excess funds, the legislation could potentially help local school districts address additional educational needs or municipal expenses beyond the standard state funding allocation.

Education

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=0273&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB137