Vote Smart's Synopsis:

Vote to pass a bill that requires the electorate to vote for approval when a school district in South Dakota moves to exceed property tax limits.

Highlights:

• Authorizes school districts to raise additional revenue for general funds from property taxes through an excess tax levy if approved by a two-thirds vote from the district’s governing body (Sec. 1).

• Requires districts to specify the length of time that the excess tax levy will be in place for along with the total maximum dollar amount of taxes payable over the duration of the levy (Sec. 1).

• Requires public announcement of the proposed excess tax levy that includes details on both duration and dollar amount (Sec. 1).

• Requires opt-out from the excess tax levy to be voted on by the population using a ballot that expresses all of the details of the proposed levy (Sec. 1).

Full Bill Text