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Committee backs amendment to cap inside-millage growth after revaluations; mechanics and exceptions still unresolved
Summary
The House Ways and Means Committee accepted a substitute amendment to House Bill 335 that would cap unvoted inside-millage revenue growth after revaluations (example: a 3% cap held for the revaluation period); members sought clearer drafting on how the cap applies to debt service and whether the percentage should match inflation.
The House Ways and Means Committee on Thursday advanced amended language for House Bill 335 that would limit sharp, unvoted spikes in revenue derived from inside millage after property revaluations.
Vice Chair Representative Thomas presented a substitute amendment that, he said, would prevent sudden jumps in inside-millage receipts by capping permitted increases after a revaluation. Using a simple example, Thomas described a township that would otherwise see its inside-millage revenue rise from $100,000 to $130,000 (a 30% jump); under the amendment the budget commission would instead allow a 3%…
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