HS 1 for HB 246 — Fiscal Note/Fee Impact

… re of the Governor and shall be retroactive to July 1, 2025. 2. This Act allows school districts projecting a loss of revenue due to reassessment to increase revenue by 2% annually for up to five years or until the loss of revenue has been ful …

… e to July 1, 2025. 2. This Act allows school districts projecting a loss of revenue due to reassessment to increase revenue by 2% annually for up to five years or until the loss of revenue has been fully offset, whichever occurs first. Schoo …

… ng a loss of revenue due to reassessment to increase revenue by 2% annually for up to five years or until the loss of revenue has been fully offset, whichever occurs first. School districts prior to this bill could increase revenue by up to 10 …

… the loss of revenue has been fully offset, whichever occurs first. School districts prior to this bill could increase revenue by up to 10% in the year following a reassessment. 3. Estimated loss of local revenue was compiled by projected rev …

… r to this bill could increase revenue by up to 10% in the year following a reassessment. 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 …

… nue by up to 10% in the year following a reassessment. 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 …

… districts with rate increases after July 1, 2025, are shown below. 4. As no school district was projecting a loss of revenue due to the latest reassessment, the school districts listed below would no longer be able to increase local revenue a …

… f revenue due to the latest reassessment, the school districts listed below would no longer be able to increase local revenue as previously implemented in FY 2026. School District Annual Projected Loss of School Revenue Appoquinimink $ 5,000 …