Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Conferees agree to 4% cap option for proposed property-value growth amendment; November 4, 2025 ballot preserved
Summary
Committee members agreed in principle to a cap on taxable-value growth tied to a lesser-of formula and accepted a 4% cap as the working compromise for a constitutional amendment to be placed on the November 4, 2025 ballot.
Conferees discussed a proposed constitutional amendment (HCR 05/2011) that would limit annual growth in taxable value of real property to a fixed percentage. Participants reviewed text from the House and Senate versions and agreed to a working compromise.
Under the concurrent resolution described in the meeting, the constitutional amendment would limit growth of taxable value on real property generally to 3 percent per year under the House version; the conferees discussed both a 3 percent floor and a 4 percent alternative cap. After…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
