What is H.B. 920?

 H.B. 920 was passed in 1976 as a tax reduction factor applied to real property to produce the same revenue as the year before. It has had a devastating effect on school funding.  Simply stated, once a school levy is passed in the district, the amount of money which the school district can receive from that levy can NEVER increase.  Therefore, when reassessments and updates show that inflation has increased the value of your property, a tax credit is applied to make certain that the school district receives no more income from the voted mills then it did the year it passed.  So that you can relate this to our District, the last operating levy for Bethel-Tate was passed in 1989.