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Senate advances bill lowering voter‑approved tax rate for larger cities and counties
Summary
Senate Bill 10 would reduce the voter‑approved tax rate trigger from 3.5% to 2.5% for certain taxing units above population thresholds; sponsors argued the change slows property‑tax growth while opponents warned of effects on local services.
Senate Bill 10, debated at length on the Senate floor, aims to reduce the growth threshold that triggers a voter‑approval tax election for certain taxing units, lowering the ‘‘voter‑approved tax rate’’ calculation from 3.5% to 2.5% for applicable jurisdictions.
Senator Bettencourt, sponsor of SB 10, said the 2019 reforms introduced the voter‑approved rate concept to replace the old rollback formula and that the bill ‘‘simply does reduce the rollback rate from 3 and a half percent to 2 and a half percent.’’ He argued the change would slow growth in city and county tax levies that, he said, have outpaced school tax growth in recent years.
Why it matters: The voter‑approval rate…
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