HB-5626 Summary

• Replaces "shall" with "must" throughout the statute regarding ballot language requirements for millage and bond proposals.

• Requires ballots to fully disclose each local unit of government that will receive revenue from proposed millages, subject to an exception for school district millages that may be collectively labeled "public schools".

• Mandates ballots for millage proposals include: the millage rate, estimated first-year revenue, duration in years, clear statement of purpose, and indication of whether the millage is a renewal or new authorization.

• Requires ballots for bond proposals include: principal amount, maximum years outstanding, clear statement of purpose, estimated millage rates for repayment, and for limited-scope bonds, the primary revenue source for repayment.

• Limits taxing units to no more than 2 elections per calendar year for millage authorizations exceeding the prior year's reduced maximum rate, and prohibits combining renewal and new additional millage questions if the new millage exceeds 0.5 mill without separate ballot questions.