PROP TX-SCHOOL RATES

Amends the School Code and the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a tax levied for educational purposes for the 2017 levy year and all subsequent levy years by any school district subject to the Property Tax Extension Limitation Law may be extended at a rate exceeding the rate established for educational purposes by referendum or statute, provided that the rate does not cause the school district to exceed its limiting rate under the Property Tax Extension Limitation Law for that levy year. Effective immediately.