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