Senate Approves Education Funding, Property Tax Relief - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Senate Approves Education Funding, Property Tax Relief

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The Senate approves increasing funding to K-12 schools which will also mean significant reductions in property taxes.

The $1.8 billion bill has $714 million going into property tax relief.

The bill is a new way of funding schools, which will mean fewer dollars from local governments.

Senator Tim Flakoll says the state will fund 80% of the cost of education.

And a $200,000 home will see a $1,200 reduction in property taxes.

The property tax relief is greater than the total funding we've provided as recently as 2005-2007 biennium so it is significant, it is sustainable. It also includes money to ensure we have quality schools and we'll provide more than $11,000 per child when all things are considered in the second year of the biennium," says Sen. Tim Flakoll / (R) Fargo.

The bill also raises the starting teacher salary to $27,500.

An attempt to increase it to $32,000 failed.

The bill now goes to the House for it's review.

 

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