HB 246 — Fiscal Note/Fee Impact

… Governor and shall be retroactive to July 1, 2025. 2. This Act reduces the amount school districts may increase local revenue through rate changes from 10% to 2% annually over five years, effective for all rates after July 1, 2025. 3. Estimat …

… nges from 10% to 2% annually over five years, effective for all rates after July 1, 2025. 3. Estimated loss of local revenue was compiled by projected revenue increases provided by each school district. Rate increases from July 1, 2025, and e …

… r five years, effective for all rates after July 1, 2025. 3. Estimated loss of local revenue was compiled by projected revenue increases provided by each school district. Rate increases from July 1, 2025, and earlier were excluded, as well as r …

… er referendum. A table of all school districts with rate increases after July 1, 2025, are shown below. Local School Revenue Loss School District Planned Revenue Increase 2% Limit for Annual Increase 2026 2027 2028 Appoquinimink $ 5 …

… ricts with rate increases after July 1, 2025, are shown below. Local School Revenue Loss School District Planned Revenue Increase 2% Limit for Annual Increase 2026 2027 2028 Appoquinimink $ 5,000,000 $ 1,000,000 $ 4,000,000 $ 3,000, …

… $ 37,778,881 $ 8,522,612 $ 29,256,270 $ 21,357,369 $ 13,458,469 4. As the Act does not permit new rates to provide any revenue growth, the estimate may include amounts that would have occurred from annual revenue growth prior to the rate change …

… permit new rates to provide any revenue growth, the estimate may include amounts that would have occurred from annual revenue growth prior to the rate change. 5. As no county will undergo a new assessment within the three years of this fiscal n …

… ounty will undergo a new assessment within the three years of this fiscal note, a 2% annual increase until the target revenue increase has been met can be assumed for fiscal years 2026- 2028. 3471530033 Page 2 of 2 Date: January 29, 2026 Cos …