Bills · 2023-2024 Regular Session
Relating to: replacing the expenditure restraint incentive program with a municipality payment program and making an appropriation. (FE)
Municipality — Finance Revenue department of Shared revenue
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill ends payments to municipalities for the expenditure restraint
incentive program in 2023 and begins payments to municipalities for the
municipality payment program in 2024. The municipality payment program,
created by the bill, provides payments to municipalities that received an expenditure
restraint incentive program payment in 2021, 2022, or 2023. A municipality's
payment each year is equal to the highest expenditure restraint incentive program
payment that the municipality received during the period from 2021 to 2023. Under
current law, generally, a municipality is eligible to receive an expenditure restraint
incentive program payment if its property tax levy is greater than 5 mills and if the
annual increase in its municipal budget is less than the sum of factors based on
inflation and the increased value of property in the municipality as a result of new
construction.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Introduced by: Baldeh (D) , C. Anderson (D) , Considine (D) , J. Anderson (D) , Jacobson (D) , Palmeri (D) , Ratcliff (D) , Sinicki (D)
Full history
- Dec 22, 2023 · Assembly
Introduced by Representatives C. Anderson, Jacobson, Palmeri, Ratcliff, Baldeh, Considine, J. Anderson and Sinicki; cosponsored by Senators Spreitzer and Agard
- Dec 22, 2023 · Assembly
Read first time and referred to Committee on Government Accountability and Oversight
- Jan 17, 2024 · Assembly
Fiscal estimate received
- Apr 15, 2024 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1