Introduced
by
To authorize another means by which local government officials can impose higher property taxes in a certain area, using that revenue to pay off debt incurred for new spending on projects chosen by a board of political appointees. This scheme would be called “neighborhood improvement districts.” It could be triggered by one property owner getting 30 percent of the owners in the designated district to go along by signing a petition. No vote of the people would be required for this entity to impose the higher levies.
Referred to the Committee on Commerce
