Proposes a constitutional amendment authorizing school districts to include governmental entity property owned for development or redevelopment purposes in calculations of assessed valuation for school district indebtedness purposes

HJR 171 proposes a constitutional amendment allowing Missouri school districts to include tax-exempt industrial properties owned by municipalities (for development projects) in their property valuation calculations when determining debt limits. This would enable school districts to borrow more funds - up to 15% of the total taxable property value, including these previously excluded industrial sites - without exceeding current borrowing caps. The amendment would apply specifically to properties exempt from taxation under municipal industrial development laws. It requires voter approval at a future election to take effect.