relative to the calculation of the local tax cap.

Summary

The proposal changes how towns and school districts compute their property‑tax limits by counting any newly approved annual debt service once repayment starts. It also requires reductions from prior‑year fund balances to be added back into the tax‑base calculation. This would increase the amount of revenue that can be raised under the local tax cap.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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