This bill revises the minimum basic tax rate used in education finance, tightening the rules around how and when it can increase. This bill protects taxpayers from stealth property tax hikes baked into school funding formulas. CPAC supports constraints on automatic tax-rate growth and supported this bill. The Senate passed this bill on 2025-02-07 by a vote of 19-8. The House passed this bill on 2025-02-19 by a vote of 41-27. The Governor vetoed this bill.