Homestead Exemption and Public Safety Funding

Summary

The resolution would raise the non‑school homestead tax exemption to $175,000, limit its inflation adjustment to the first four years, and allow additional exemptions for seniors and low‑income owners. It also locks local public‑safety budgets at the higher of the 2025‑26 or 2026‑27 levels, with inflation adjustments through 2031, and creates a state trust fund to replace any lost revenue. The measure failed to pass.

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