Introduced
by
To allow school districts to use a “sinking fund” property tax to buy electric school buses and chargers. Under current law, schools may levy up to 3 mills for 10 years for a “sinking fund,” which is a permanent account that may only be used for land purchases and construction, or for (major) repair of school buildings, or (under recent expansions) to pay for “information technology” and school security measures.
Referred to the Committee on Finance
