11-06-2017, 12:20 PM
(11-06-2017, 12:16 PM)Benton Wrote: Wow. I would be shocked if that makes it through, though. It would pretty much end municipal building projects for most small to medium communities, at least in the short-term. I have no idea how it would impact larger areas. But this would force taxing districts to either levy huge taxes to pay for immediate projects, pay more for projects in the form of interest, or save up for a long period of time to pay for them. The last option would likely be out for some districts (like school boards in Kentucky, who can only go up a max of four percent) who can barely keep up with costs as it is.
I'm surprised it made it in at all. It seems to be very counter-intuitive from a conservative standpoint.
