establishing a committee to study alternative funding methods for public education and how to reduce its reliance on local real estate property taxes.

HB 491 establishes a committee to study potential alternative funding sources for public education and methods to reduce the state's reliance on local property taxes. The committee would examine specific proposals, such as state-level funding adjustments or new revenue streams, to address current funding challenges in schools. This bill does not immediately change funding laws but creates a formal process for evaluating options. It directly affects public education funding systems by initiating a structured review of how schools are financed across the state. The bill is procedural, focusing on analysis rather than implementing new policies.