MS HB519

Authorizes the levying authority for a school district to veto the school board's request for an ad valorem tax increase of up to seven percent (7%) without requiring a referendum.

If the levying authority does not veto a tax increase of seven percent (7%) or less, the school board must publish notice of the increase for at least three consecutive weeks in a newspaper before final budget adoption.

Allows registered, qualified electors to petition for a referendum on proposed tax increases between four percent (4%) and seven percent (7%) if at least twenty percent (20%) or 1,500 electors (whichever is less) sign the petition.

Excludes from tax increase limitations any increases required as the local contribution to the Mississippi Adequate Education Program as certified by the State Board of Education.

Takes effect July 1, 2013.