Fiscal Note

SB0274 - Property Tax - Voter Approval

State Impact:
No state fiscal impact. There could be potential costs to school districts to hold elections should they choose to exceed the certified rate. These election costs could range from $5,000 to $25,000. There could also be potential election costs to other local taxing entities who choose to exceed their certified rates. Cost of these elections could exceed $200,000.
Individual and Business Impact:
Implementation of this bill could slow down tax increases for property owners.

Office of the Legislative Fiscal Analyst
2/14/2001 11:52:20 AM

Last Revised: 30 August, 2000