The measure passed Monday is intended to prevent a more abrupt loss in local levy funds when further limits on them take effect in 2018.
The bill passed by a vote of 28-20, with four Democrats joining a united Republican-dominated majority caucus in favor. The measure goes next to the House.
Opponents said the measure could shortchange schools, particularly if the state doesn't follow through with its requirement to drastically increase K-12 education funding over the next several years.
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