Changes came to a capital outlay obligations bill in committee.
Committee members also voted to remove a provision, which was added on the House floor, lowering the level of taxable valuation of taxable property for which a certificate, purchase contract or agreement could be entered into by a district from 1.5 to 0.5 percent.
ASBSD supports the amended version of the bill.
“Taking out what happened on the House floor is fine with us,” ASBSD Executive Director Wade Pogany testified, adding that the addition of valuation threshold provision to the bill on the House floor created “an entirely different discussion” about capital outlay than what was originally in the bill.
Rep. Spencer Gosch, the bill’s prime sponsor, said the valuation threshold amendment from the House floor “wasn’t the idea” he initially intended to address, but rather introduced the bill allow districts cover the capital outlay debts they entered into prior to the changes made to C/O in 2016.
“It’s put them in a bind,” Rep. Gosch said of the changes made in 2016 that limited what a district could collect from the capital outlay levy. “This affects a lot of school districts.”
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