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1 Cost of an Opportunity for an Adequate Education. Amend RSA 198:40-a, I-II(a) to read as follows:
I. For the biennium beginning July 1, 2023 , the annual cost of providing the opportunity for an adequate education as defined in RSA 193-E:2-a shall be as specified in paragraph II. The department shall adjust the rates specified in this paragraph in accordance with RSA 198:40-d.
II.(a) A cost of $4,100 per pupil in the ADMR, plus differentiated aid as follows:
76:3 Education Tax. Beginning July 1, 2005 , and every fiscal year thereafter, the commissioner of the department of revenue administration shall set the education tax rate at a level sufficient to generate revenue of $363,000,000 when imposed on all persons and property taxable pursuant to RSA 76:8, except property subject to tax under RSA 82 and RSA 83-F. The education property tax rate shall be effective for the following fiscal year. The rate shall be set to the nearest 1/2 cent necessary to generate the revenue required in this section.
2 Effective Date. This act shall take effect July 1, 2025.
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1 Cost of an Opportunity for an Adequate Education. Amend RSA 198:40-a, I-II(a) to read as follows:
I. For the biennium beginning July 1, 2025 , the annual cost of providing the opportunity for an adequate education as defined in RSA 193-E:2-a shall be as specified in paragraph II. The department shall adjust the rates specified in this paragraph in accordance with RSA 198:40-d.
II.(a) A cost of $7,356.01 per pupil in the ADMR, plus differentiated aid as follows:
76:3 Education Tax. Beginning July 1, 2025 , and every fiscal year thereafter, the education tax rate shall be set at $2.50 per $1,000 and imposed on all persons and property taxable pursuant to RSA 76:8, except property subject to tax under RSA 82 and RSA 83-F.
2 Effective Date. This act shall take effect July 1, 2025.