Bill > HB13

This bill amends the definition of "local revenue" for the state equalization guarantee distribution, which is funding provided to school districts to ensure their operating revenue meets their program costs. Previously, "local revenue" primarily included a portion of property taxes and revenue from oil and gas production taxes. This bill expands the definition to also include property tax receipts from oil and gas production and equipment, as well as any taxes imposed by a municipality, county, or the school district itself that are used to fund the school district's operations. The state equalization guarantee distribution is a crucial component of school funding, aiming to equalize resources across different districts.