Senate Bill (S) 2
Co-Authors: Sen. Timothy Lanane, Sen. Timothy Skinner, Sen. Ryan Mishler, Sen. Patricia Miller, Sen. Karen Tallian, Sen. Douglas Eckerty, Sen. Michael Crider
Sponsors: Rep. William Friend
Property taxes. Provides that for all taxing units, the maximum amount allowed for an operating balance for a debt service fund is 50% for 2015 through 2018 of the budget estimate for annual debt service payments from the fund for debt originally incurred before July 1, 2014, and 10% on debt originally incurred after June 30, 2014, and for all debt after 2018. Permits a school corporation that experiences at least a 20% loss to the school corporation's transportation fund due to circuit breaker credits in 2014, 2015, or 2016 to use a proportional circuit breaker credit allocation for that year.