A top legislative priority for House Republicans got out of a committee Tuesday with the panel approving a bill that would cut the state property tax levy for schools by 1.5-mills.
The House tax committee amended the bill to ensure that the revenue loss from cutting the 20-mill tax levy would be backfilled with revenue from the state general fund.
The proposal is estimated to cost about $823 million over five years.
Revenue analysts said . . .
SSJ
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