P 69: FINANCE AND TAXATION, Local taxes

PROPOSAL by Chris Sprowls

FINANCE AND TAXATION, Local taxes; Section 9 of Article VII of the State Constitution to prohibit certain special districts, except ones created for water management purposes, from levying ad valorem taxes after January 7, 2029, or 10 years after the date of voter approval for such authority, whichever is later; to grant districts authority to levy ad valorem taxes beyond that date under certain circumstances; to authorize the grant or renewal of the authority by referendum for 10-year periods if certain conditions are met; to require ballot proposals to include specified language; to require the Legislature to dissolve, merge, consolidate, or provide for appropriate disposition of special districts if the referendum fails; to authorize debt secured by ad valorem taxes and incurred before January 7, 2019, to be refinanced under certain circumstances; and to prohibit special districts from pledging ad valorem tax revenue to repay or restructure debt incurred after a specified date under certain circumstances.