Introduced
by
To authorize another means by which local government officials can impose higher property taxes in a certain area and use the revenue to pay off new debt they incur for 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 property 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 property tax.
Referred to the Committee on Economic Development
