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FL S1350

Bill

Status

Failed

5/3/2019

Primary Sponsor

Travis Hutson

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Establishes the "Local Government Fiscal Transparency Act" requiring local governments to post voting records on tax increases and new tax-supported debt issuance, with 4-year history available by October 1, 2022.

  • Requires expanded public noticing for proposed tax increases and new tax-supported debt, including public hearings at least 14 days before final votes and detailed notices including tax amounts, purposes, and debt affordability ratios.

  • Mandates property appraisers and local governments post property tax information and millage rate histories on websites, with 4-year history required by October 1, 2021.

  • Requires local governments to perform debt affordability analyses before authorizing new tax-supported debt, calculating ratios for 5 prior fiscal years and projecting 2 years forward.

  • Revises county and municipal economic development incentive reporting requirements by January 15 annually, classifying incentives into three categories and requiring identification of funding sources and whether incentives are provided directly or by other entities.

Legislative Description

Local Government Fiscal Transparency

Last Action

Died in Community Affairs

5/3/2019

Committee Referrals

Community Affairs3/4/2019

Full Bill Text

No bill text available