Bill > S0945

This bill allows municipalities without an operating millage (a type of property tax) on January 1, 2024, or municipalities that incorporate after that date, to impose an operating millage sufficient to generate one-third of the municipality's general fund expenses from the previous fiscal year. It also allows municipalities that previously imposed an operating millage but repealed it to reimpose a millage up to their last millage plus any cumulative increases that would have been allowed since 2007 or the repeal, whichever is more recent. The bill specifies that after the initial imposition, the millage will be subject to the existing limitations on increases.