HCS/HB 334 - School districts which are required, pursuant to Article X, Section 22 of the Missouri Constitution, to make reassessment tax rate roll backs receive state aid based upon a higher, "recalculated levy" to ensure that the district receives no less state aid than the district received based upon the tax rate prior to the roll back. Under current law, the recalculated levy lasts until five years following such time as the district votes to raise its levy back up to or in excess of the recalculated levy.

This act revises the "recalculated levy" provision such that all school districts will continue to receive state aid based upon inclusion of the recalculated levy, even if the district votes to raise its levy up to or above the recalculated levy.

A similar provision is contained in SB 457 and this language is also contained in the TAT version of SB 353 from 2001.
OTTO FAJEN

SCA 1 - ADDS THE PROVISIONS OF SB 353. CURRENTLY, A DISTRICT IS NOT ALLOWED A RECALCULATED LEVY IF THE DISTRICT ENACTS A VOLUNTARY ROLLBACK OR INCREASES THE AMOUNT OF A VOLUNTARY ROLLBACK FROM THE PREVIOUS YEAR'S AMOUNT. THE ACT REVISES THIS RESTRICTION TO PROVIDE THAT A DISTRICT IS NOT ALLOWED A RECALCULATED LEVY IF IT DECREASES ITS TAX RATE FROM THE PREVIOUS YEAR DUE TO AN INCREASE IN A VOLUNTARY ROLLBACK. THIS LANGUAGE IS CONTAINED IN THE TAT VERSION OF SB 353.