Providing local governments tax resources and fund flexibility.

Summary

The bill authorizes local governments to impose an additional excise tax of up to 0.25% on real‑estate sales to pay for capital projects such as roads, parks, airports, homeless housing and other public works. It also creates a new sales and use tax of up to 0.01% that must be spent on services for children and families, like child care, mental‑health programs, and shelter assistance. Voter approval is required for the real‑estate tax in districts that use a specific planning process, and the revenues are limited to the purposes listed in the law.

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