Introduced
by
To expand the ability of cities and counties to borrow so they can engage in deficit spending. The bill would allow a city or county that makes certain commitments to increase its debt burden by an amount equal to 3 percent of the “state equalized valuation” (which is one-half of the assessed market value) of all real estate and business tools and equipment (“personal property”) in its jurisdiction.
Referred to the Committee on Local Government and Elections
