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Today marks the 100th day of the legislative session. Beginning tomorrow, lawmakers will no longer receive per diem, increasing pressure to finalize major policy decisions.
This morning, the House Ways and Means Committee advanced the Senate’s property tax bill, SF 2472 — but only after striking its contents and replacing it with the House’s proposal (Amendment H-8374 to HF 2745).
The amended bill imposes a strict, hard cap on all levies (excluding debt service) and retains the $8.10 General Fund levy limitation, regardless of a city’s revaluation growth.
While the League continues to advocate for additional improvements, including:
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A clear definition of “new valuation” that includes TIF releases
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Expansion of the Local Option Sales Tax (as proposed by the Senate)
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An inflationary factor tied to any revenue limitation (as proposed by the Senate)
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The preservation of Tax Increment Financing (TIF)
Two changes remain essential to any final agreement:
A hard cap does not account for rising costs such as insurance, public safety equipment, or infrastructure materials, which cities are already seeing increase well beyond 2% annually. This creates real pressure on essential services like police, fire, and street maintenance.
Call and email today, and let the League know how we can support your outreach — and what you’re hearing in response. Your feedback to the League helps shape our strategy as negotiations continue. |
