ID H0008

Taxing districts proposing bond elections must provide a brief official statement on ballots disclosing the bond purpose, principal amount, anticipated interest rate, total repayment amount, estimated average annual cost per $100,000 of taxable assessed value, repayment duration, and total existing indebtedness of the district.

Bond ballot statements must use a specific formula to calculate estimated average annual taxpayer cost: ((Bond Total/Taxable Value) × 100,000)/Duration, with "taxable value" obtained from the county treasurer or assessor's office.

Taxing districts proposing levy elections must include disclosure statements showing the levy purpose, estimated annual collection amount, estimated average annual taxpayer cost per $100,000 of taxable assessed value, and the duration the levy will be assessed.

All bond and levy ballot questions submitted after July 1, 2021, must include required disclosures to be binding and cannot contain information about other bonds, levies, or matters.

Registered electors may challenge a taxing district's failure to comply with these disclosure requirements within 30 days after an election; courts finding non-compliance must nullify the election outcome and order the district to reimburse election costs plus award court costs and attorney fees to the complainant.