SENATE BILL REPORT

 

                            HB 1355

 

      AS REPORTED BY COMMITTEE ON GOVERNMENT OPERATIONS,

                        MARCH 31, 1993

 

 

Brief Description:  Increasing nonvoter‑approved debt limit for metropolitan park districts.

 

SPONSORS: Representatives R. Fisher, Brough, R. Meyers, Edmondson, H. Myers and Van Luven

 

HOUSE COMMITTEE ON LOCAL GOVERNMENT

 

SENATE COMMITTEE ON GOVERNMENT OPERATIONS

 

Majority Report:  Do pass. 

     Signed by Senators Haugen, Chairman; Drew, Vice Chairman; Loveland, Owen, von Reichbauer, and Winsley.

 

Staff:  Barbara Howard (786‑7410)

 

Hearing Dates: March 24, 1993; March 31, 1993

 

 

BACKGROUND:

 

Metropolitan park districts are authorized to finance park and recreation facilities by imposing regular property taxes of up to 75 cents per $1,000 of assessed valuation without voter approval.

 

A metropolitan park district may also incur nonvoter-approved general indebtedness, and issue general obligation bonds, in an amount equal to one-eighth of 1 percent of the value of taxable property in the district.  It has been suggested that the debt limit be increased.

 

SUMMARY:

 

The amount of nonvoter-approved general indebtedness that a metropolitan park district may incur is increased to an amount equal to one quarter of 1 percent of the value of taxable property in the district.

 

Appropriation:  none

 

Revenue:  none

 

Fiscal Note:  none requested

 

TESTIMONY FOR:

 

Our metropolitan park district has one of the lowest nonvoter debt limits of any local jurisdiction in the state.  Increasing it to 1/4 of 1 percent would give us considerably more flexibility, especially in maintaining our A rating from the bond rating agencies.  We have been prudent fiscal managers, and do the best we can to see that user fees cover facility cost to the greatest possible extent.  We also provide a special benefit to local residents by offering a resident pass at a lower admission fee.

 

TESTIMONY AGAINST:  None

 

TESTIFIED:  Peter Norman, President, Board of Park Commissioners (pro); Wayne Fanshier, Manager, Park District (pro)