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Wednesday, February 13, 2008

Equalization

By Dan Eastman
Utah Senator, District 23

Today, SB 48 passed the Senate and is on its way to the House. The Equalization of School Capital Outlay bill has wide acceptance. For six months, several groups have been weighing in and helping to produce the final product. This bill mitigates the potential financial problems that could result from the Jordan School District split as well as lessen the impact of potential financial problems in future dividing districts.

Because property tax equalization will be required from any district that is being divided, citizens can expect to share the cost of building new schools more equally no matter where they live. While this bill has been long awaited, it is not a complete re-invention of the wheel. It encompasses existing programs and adds some additional considerations for factors like growth. There are sophisticated portions of this bill dealing with certain issues, such as truth in taxation hearings. You can find more info here. I believe this bill is a good solution and the right thing to do.

Here are the audio records of our discussions on the Senate floor.

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