School district general fund levies adjusted
due to funds in the property tax reduction fund.
be amended to read as follows:
Any adjustments in the levies specified in subdivision 13-13-10.1(6) made
pursuant to §§ 13-13-71 and 13-13-72 shall be based on maintaining the relationship between
statewide local effort as a percentage of statewide local need in the fiscal year succeeding the fiscal
year in which the adjustment is made.
In addition to the adjustments in the levies provided by this
section, the levies shall also be annually adjusted as necessary to reduce the portion of local need
paid by local effort by an amount equal to nine million dollars from those funds transferred into
the property tax reduction fund pursuant to
10-50-52 subsequent to July 1, 2007.