HSB 726

This bill relates to budget approval processes and property taxes of counties, cities, townships, and other municipalities.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 property tax rate. _____ proposed amount of property taxes to be levied for the city or county against the owner’s or taxpayer’s property for the budget year.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 direct the department of management to send individual notices to each owner or taxpayer by regular mail that contain similar information to that which is required for inclusion in individual notices sent by the department of management for counties and cities under the bill.15A, and to require the board of township trustees to direct the department of management to send individual notices to property owners and taxpayers that are similar to the individual notices required for counties, cities, and municipalities under the bill. The bill applies to county, city, and political subdivision budgets for fiscal years beginning on or after July 1, 2023.