summary
Introduced
01/26/2026
01/26/2026
In Committee
03/04/2026
03/04/2026
Crossed Over
02/27/2026
02/27/2026
Passed
Dead
03/06/2026
03/06/2026
Introduced Session
2026 General Session
Bill Summary
General Description: This bill modifies truth-in-taxation notice requirements for a fiscal year taxing entity when a mayor or budget officer proposes a property tax rate increase in a tentative budget.
AI Summary
This bill modifies the "truth-in-taxation" notice requirements for a fiscal year taxing entity, which is a government entity that operates on a fiscal year from July 1 to June 30, when a mayor or budget officer proposes a property tax rate increase in a tentative budget, which is a preliminary plan for how a government entity will spend money and collect revenue. Specifically, it requires that for such a "specified taxing entity," the meeting notice for the public hearing where the tentative budget is adopted must be posted on the entity's website (or at the town hall if no website exists) at least seven calendar days after the public meeting where the tentative budget is first presented, and this notice must state that the tentative budget includes a proposed tax rate increase. The bill also clarifies that the fiscal year taxing entity must still meet advertisement requirements for the public hearing itself and that the notice for this public hearing must be published according to specific advertisement provisions.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House/ filed in House file for bills not passed (on 03/06/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
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