89th Legislature

HB 5267

Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 5267 imposes limits on municipal and county expenditures by capping annual spending growth to a formula based on inflation and population growth. It allows spending above the cap only with voter approval or in the event of a declared disaster. It also mandates that municipalities and counties publish a "Taxpayer’s Budget Summary" online, detailing budget allocations across various expenditure categories.
Author
Cecil Bell, Jr.
Cody Vasut