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Sponsor says SJR 15 would allow cities and counties to create economic‑development districts and offer targeted incentives
Summary
Senate Joint Resolution 15 would authorize cities and counties to form economic‑development districts empowered to use targeted tax incentives or incremental revenues to finance infrastructure and attract investment, the sponsor said.
Senator Dismaine (identified in the hearing transcript as presenting the item) explained SJR 15, a proposed constitutional amendment to authorize economic‑development districts that would let counties and cities create targeted incentive tools for recruitment or rehabilitation projects.
Dismaine said prior drafts had included eminent‑domain and utility provisions; those…
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