Sentences with phrase «amount local governments and school districts»
The amount local governments and school districts have collected in property taxes has slowed over the last decade, from a peak increase of 7.7 percent in 2003 to a 2 percent jump at the conclusion of the 2013 fiscal year.
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At an annual cost of $ 410 million, the Family Tax Relief Rebate provides $ 350 to households with children under age 17 and annual income between $ 40,000 and $ 300,000; the Property Tax Freeze Rebate provides an amount equal to the annual increase in property taxes to homeowners earning less than $ 500,000 in tax cap - compliant local governments and school districts and costs $ 783 million annually.
State and local governments provide nearly the same amount of funding to schools — gone are the days when local districts were on their own financially.