HB 5303

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 5303 raises the voting threshold for local governments to approve certain tax rate increases and general obligation bond issuances. A supermajority (60%) of the governing body must vote to approve new general obligation bonds. For municipalities or districts seeking to adopt a tax rate exceeding the voter-approval tax rate after voters previously rejected a tax increase, the bill requires an 80% approval vote by the governing body. The bill aims to curb excessive taxation and debt accumulation​.
Author (1)
Ellen Troxclair
Related Legislation
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