Decreasing the rate of ad valorem tax imposed by a school district.

This bill reduces the property tax rate that Kansas school districts can charge on taxable property, lowering it from the current rate to 20 mills for the 2025-2026 and 2026-2027 school years, then gradually decreasing by one mill each year until it reaches 15 mills starting in the 2031-2032 school year. The measure directly affects school districts across Kansas by limiting how much tax revenue they can collect from property owners to fund general operating budgets, maintain public schools, and repay certain redevelopment bonds. Under the new provisions, most tax revenue collected must be sent to the state treasurer and deposited into the state school district finance fund, while districts are prohibited from using certain other tax authority mechanisms. The changes apply to all school districts in Kansas and take effect once the bill is published in the state statute book.