Bill > SB44

This bill modifies the Georgia state law regarding equalization grants for local school systems by reducing the minimum required millage rate (property tax rate) from 14 mills to 10 mills, beginning July 1, 2025. A "qualified local school system" will now need to have an equivalent millage rate of at least 10 mills to be eligible for full equalization grants. If a local school system reduces its millage rate below this threshold after receiving an initial grant calculation, the system will have its equalization grant reduced to 75 percent of the original amount. Additionally, the bill requires the Department of Education to prepare an annual report by September 1st detailing each local school system's equalization grant information, including initial grant amounts, midterm adjustments, total grants received in the past ten years, and identifying any systems that received grants while maintaining a millage rate below 10 mills. This report must be distributed to various legislative committees, budget offices, and key government officials, providing increased transparency about school system funding and local tax efforts.

Education

https://www.legis.ga.gov/legislation/69581