LITTLE ROCK, Ark. (AP) - An Arkansas Senate committee has advanced a proposal to allow the state to retain excess property tax revenues from a handful of Arkansas school districts.
The Senate Education Committee on Thursday endorsed the bill that would phase out the excess money eight districts receive from levying the state-mandated property tax millage. The money would go back to the state and is intended to help make up for school facilities funding that's being taken to alleviate a hike in teacher insurance rates.
The Senate is expected to vote on the bill Friday morning.
House Republican Leader Bruce Westerman has filed a competing proposal that would prevent the state from retaining the money.
The state Supreme Court last year ruled that Arkansas law currently didn't allow the state to claim the money.
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