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SALT LAKE CITY (AP) -- Lawmakers are looking for voters to decide how much local governments or tax districts can raise tax revenues.
The Legislature's Revenue and Taxation Interim Committee has approved a draft bill that would require significant property tax hikes to win voter approval, rather than just go through a public hearing.
Under the proposed measure, as under current law, any school district, water district, city or county could increase the amount of revenue it gets from property taxes at the rate of inflation, so long as it provides public notice and holds a Truth in Taxation hearing.
Under the bill, if the taxing district wants to raise property taxes at a rate higher than inflation, it has to put the issue on the ballot and have it approved by voters.
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Information from: The Salt Lake Tribune.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
