HB1051

Starting in 2026, this bill reduces the maximum property tax levy that school districts can charge on most properties from $5.21 per $1,000 of value to $4.87 per $1,000, and lowers the levy on agricultural land from $1.125 to $1.052 per $1,000. The bill also adjusts how state aid to schools is calculated and modifies special education funding formulas, with the specific changes to those formulas appearing to involve significant deletions of existing language, though the exact details require reviewing the full text.