Competing bills filed over Ark. school money
LITTLE ROCK (AP) - Competing proposals have been filed in the state Legislature over the state's efforts to reclaim excess property tax revenues from a handful of Arkansas school districts.
Two bills were filed Thursday over the property tax issue, which is on the agenda for the special session Gov. Mike Beebe called to address a looming hike in teacher insurance rates.
Democratic Sen. Bruce Maloch filed a proposal backed by Beebe 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.
House Republican Leader Bruce Westerman 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.Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.