Fiscal Note
HB0151 - Minimum Basic Levy and Other Property Tax Amendments
State Impact:
Enactment of this bill could reduce the local contribution to the minimum school program by $258,026,600 beginning in FY 2009.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| Property Tax | $0 | $0 | ($258,026,600) | $0 | $0 | ($258,026,600) |
| Total | $0 | $0 | ($258,026,600) | $0 | $0 | ($258,026,600) |
Individual, Business and/or Local Impact:
Enactment of this bill could reduce the property tax burden on individuals and businesses. There will be an increase in tax assessments for all non basic levy property tax entities to compensate for the loss of tax increment to the Redevelopment Agencies.
| 1/31/2007, 8:20:43 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |