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City officials welcome HB236 truth‑in‑taxation amendments, warn against property‑tax caps
Summary
Officials said HB236 creates a more transparent truth‑in‑taxation process and expressed relief that broad property‑tax cap proposals (such as SB97) that could have limited new‑growth capture did not pass.
City officials said changes to truth‑in‑taxation procedures were an important step for transparency but warned that broader property‑tax caps would have harmed growing cities.
Angela Price and the mayor described HB236, the truth‑in‑taxation amendments championed by Representative Peterson, as a measure to create more transparent hearings around property‑tax increases. The mayor warned that sweeping property‑tax caps such as SB97 (which included a 5% cap and changes to how new growth is calculated) would have a 'profound impact' on the city's budget and development plans if they had passed.
Officials noted state revenue timing and the city's statutory budget deadline complicate moving the truth‑in‑taxation timeline earlier in the year, and emphasized the city will continue to work with state partners to balance taxpayer notice and the practicalities of local budgeting.
