Change provisions relating to the calculation of property tax request authority under the Property Tax Growth Limitation Act

Summary

The bill rewrites the formula that determines a political subdivision’s property tax request authority, tying increases to prior‑year taxes, growth rates, inflation, and the share of the budget spent on public safety. It applies to all counties, cities, towns and other local units that levy property taxes. By altering the calculation, the measure could raise or limit the amount of property tax revenue local governments can request each year.

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