WA SB5812

Increases the property tax growth limit from 1% to 3% annually (100% plus population change and inflation, capped at 103%) for state and local taxing districts, effective for taxes levied in 2026 and thereafter

Raises the maximum per-pupil limit for school district enrichment levies from $2,500/$3,000 to $5,035 beginning in 2031, with inflation enhancements of $500 in 2026 and 3.33 percentage points added to inflation annually from 2027-2030

Removes the 16% enrollment cap on special education funding, allowing districts to receive excess cost allocations for all students receiving special education regardless of the percentage of total enrollment

Changes the inflation calculation method for property tax limits from the federal implicit price deflator to the Consumer Price Index for all urban consumers in the western region

Establishes a K-12 funding equity work group to analyze funding formulas and explore revisions responsive to student needs, with annual reports due through November 2027