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City manager flags possible 'no property tax' bill; committee considers long-term finance implications
Summary
City Manager Jamie Booth told the committee a proposed 'no property tax' bill may be considered in a special legislative session, prompting discussion of potential impacts on the capital improvement plan (CIP).
City Manager Jamie Booth informed the Budget & Finance Committee that a proposed "no property tax" bill may be taken up during a special legislative session. He framed the potential bill as a development that could affect longer-term revenue assumptions and the city's capital improvement plan (CIP).
Committee members discussed the implications for longer-term financial planning but did not make policy or budget changes at the meeting. No specific legislative text or timeline was provided in the transcript; staff and the committee noted this as an item to monitor if the legislature takes up the matter.
