MS HB305

Eliminates school board authority to increase ad valorem taxes for school district purposes without voter approval in a referendum, regardless of millage rate.

Requires school boards to call a referendum if the millage rate needed to generate requested tax dollars exceeds the current fiscal year's rate.

Establishes a cap on aggregate school district ad valorem tax receipts beginning with the 2011 fiscal year, limiting them to the previous fiscal year's amount unless voters approve an increase through election.

Requires school boards to advertise their intent to request a tax increase election and hold a public meeting at least seven days after first publication, with specific notice requirements including minimum one-fourth page newspaper advertisements in 18-point type.

Requires voter approval of three-fifths or more of qualified electors voting in the election to authorize any tax increase above the established limitation.