Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee harmonizes inside‑millage cap with school funding reforms to limit revenue spikes
Summary
An amendment to House Bill 335 adopted by the committee applies a cap on inside millage indexing to the GDP deflator at each revaluation cycle, aiming to prevent tax bills from rising faster than inflation; proponents framed the change as restoring the original purpose of inside millage, while members asked about glide paths for local governments.
During the third hearing on House Bill 335, Vice Chair Thomas explained an amendment that aligns caps on inside millage (the millage levied by counties, municipalities, townships and schools) with the GDP deflator measured over each property revaluation cycle.
The amendment copies a cap concept from House Bill 186 and applies it to inside millage: when a revaluation occurs (typically a multi‑year cycle), a…
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
