5835 AMS LOVE WILS 010

SB 5835 - S AMD - 040

    By Senator Loveland

                                               NOT ADOPTED 2/21/97

    On page 34, line 19, after "terms of" strike all material down through line 22 and insert "of both a percentage and an estimated amount.  The ordinance or resolution may cover a period of up to two years, but the ordinance shall specifically state for each year the percentage change and the estimated dollar increase in the levy from the previous year."

                            --- END ---

EFFECT: Provides for statement of an estimated amount of taxes to be raised in adopting a resolution or ordinance indicating an intent to raise property tax revenue of more than 100% of the previous year's revenue.