Dalrymple’s plan to lower property taxes has been to buy mills from the schools. In the last biennium, the state paid for about 75 mills. In the governor’s proposal, he would like to add 60 more mills to that amount.
“Within the governor’s proposal, it looks to me like the money that’s going from the state to pay down property taxes is static money,” Reep said. “It takes away the growth in taxable valuation.”
Reep also said it appears the amount of money the schools would receive would be capped, adding that DPS would have to appeal to the Legislature for more funding.
If schools become dependent on state funds in the form of mill buy backs for property tax relief and that program ends, it could result in high tax bills for residents later on, he said.
“The forecast looks good, but let’s just say that happened,” Reep said. “They would drop that money and say, ‘Now go ahead and levy again.’ That would be a bitter pill to swallow in my opinion.”