Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB1252 by Bettencourt (relating to the wording of ballot propositions for bond elections.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would require a local government that submits to the voters a proposition for the approval of the issuance of a debt obligation to include in the proposition the statement "THIS IS A TAX INCREASE" and language stating the amount of the maximum tax rate for which approval is sought.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.