Honorable Larry Taylor, Chair, House Committee on Elections
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
HB360 by Jackson, Jim (relating to ballot language for a proposition to approve the imposition or increase of a tax or the issuance of bonds.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would require a proposition allowing the voters to approve the imposition or increase of a tax or the issuance of bonds to include the total dollar amount of the bonds that would be issued or the amount of the tax or tax rate increase for any projects to be supported by the bonds.The bill would take effect on September 1, 2011.It is anticipated that any costs associated with implementation of the legislation could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.