DE HB129

School boards may increase local tax rates or amounts without a referendum beginning in fiscal year 2021, limited to the higher of either the CPI-W percentage change or 2% annually.

Tax increases exceeding the CPI-W or 2% threshold require a referendum approved by taxpayers, and state funding cannot be decreased in subsequent years if such increases are approved.

Exempts major capital improvement taxes under Chapter 17 and tuition program taxes under Chapter 6 from the annual increase limitations.

For school districts spanning county boundaries with different reassessments, establishes separate tax rate calculations for reassessed and non-reassessed counties to maintain revenue parity with previous year authorizations.