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Committee hears proposal to revise maximum levy growth quotient formula to stabilize growth; bill held for more work
Summary
Senate Bill 9 would change how the maximum levy growth quotient (MLGQ) is calculated by adding several indexes (personal consumption expenditures, average annual pay, labor productivity and a regional non‑farm income index) and weighting them to smooth annual levy growth. Supporters argued the change better matches local economic conditions;
Senator Baldwin presented Senate Bill 9, a proposal to modify the formula used to calculate the maximum levy growth quotient (MLGQ). The bill would add multiple economic indicators — personal consumption expenditures, average annual pay for all industries, non‑farm business labor productivity and a regionalized county non‑farm personal income index — and weight them in…
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