Relating to budget approval processes of political subdivisions and including applicability provisions

This bill relates to budget approval processes of political subdivisions.15A, each county and city is, prior to filing of the entity’s proposed budget, required to adopt a resolution establishing, in the case of a county, the total maximum property tax dollars that may be certified for levy for general county services and the total maximum property tax dollars that may be certified for levy for rural county services; and in the case of a city, the total maximum property tax dollars that may be certified for the enumerated city government purposes and funds. The governing body must hold a public hearing on the resolution and notice of the public hearing is required to be published and posted on the entity’s internet site and social media accounts, as applicable. Notice of the hearing is required to include specified property tax dollar amounts and levy rates, including the effective tax rate.15A, the city or county, as applicable, shall direct the county treasurer to send to each owner or taxpayer by regular mail, an individual notice containing the information required under the notice published and posted and all of the following: (1) the assessed value of the owner or taxpayer’s property used to calculate property taxes for the current fiscal year; (2) the assessed value of the owner or taxpayer’s property used to calculate property taxes for the budget year; (3) the amount of property taxes due on the owner or taxpayer’s property for the current fiscal year for the city or county and the current fiscal year’s combined property tax rate for such amount; (4) the estimated combined property tax rate required to raise the amount of property taxes on the property for the current fiscal year using the assessed value of the property for the budget year; and (5) the proposed amount of property taxes to be levied against the owner or taxpayer’s property for the budget year and the estimated combined property tax rate for the budget year for such amount.9 relating to the filing of budget estimates as part of the budget approval process for municipalities, which includes public entities that have power to levy or certify a tax or sum of money to be collected by taxation, except a county, city, drainage district, township, or road district.15A. The bill also requires each municipality to send individual notices to each owner or taxpayer by regular mail that contain similar information to that required to be sent by counties and cities under the bill.3.2, subsection 3, which would relieve a political subdivision from complying with a state mandate if funding for the cost of the state mandate is not provided or specified. Therefore, political subdivisions are required to comply with any state mandate included in the bill. The bill applies to county, city, and political subdivision budgets for fiscal years beginning on or after July 1, 2023.