5.24.07 The House Ways and Means Economic Development, Capital Improvement and Other Taxes subcommittee did not take action on this bill although it was on the agenda.
5.09.07 The House Ways and Means Economic Development, Capital Improvement and Other Taxes subcommittee did not take action on this bill although it was on the agenda.
Summary: Imposes limit on annual spending increases for operating purposes for political subdivisions. Increases may occur only to the extent of the increase in the average of the consumer price index for the most recent 12 month period consisting of January through December of the previous calendar year, plus the percentage of increase in the previous year population increase in the municipality.