Bill > HB2092

This bill amends the Public School Code of 1949 to require school districts that receive state funding for construction projects to reduce their debt by the exact amount of money they receive. For construction projects approved before the bill's effective date, school districts must reduce existing debt equal to the funds received, and for projects approved after the effective date, they must use the funds specifically to reduce debt related to the construction project. Additionally, the bill mandates that as school districts reduce their project-related debt, they must correspondingly lower their property tax millage rate (the tax rate used to calculate local property taxes). The bill defines "project" using existing legal definitions and includes construction projects eligible for state reimbursement. The legislation will take effect 60 days after its passage, and aims to provide financial relief and transparency in school district debt management by ensuring that state construction funds directly offset district debt and potentially reduce local tax burdens.

Education

https://www.palegis.us/legislation/bills/2025/hb2092