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Walnut Grove council hears public comment and votes to opt out of HB 581
Summary
After a public hearing and council discussion about long-term revenue risks, the Walnut Grove City Council voted unanimously to adopt a resolution opting the city out of House Bill 581.
The Walnut Grove City Council voted unanimously during its regular meeting to adopt a resolution opting the city out of House Bill 581 after a public hearing in which council members and one resident raised concerns about the bill's long-term impact on local property-tax revenue.
Council members said HB 581, as explained in the hearings the council has attended, would cap the annual taxable assessment increase for homestead property and thereby limit how much property tax revenue could grow in future years. One council member summarized the concern, saying, “If that were to happen, we would have no option but to raise taxes…
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