NH HB1505

Municipalities with local tax caps, school district budget caps, or town budget caps must submit compliance documentation to the Department of Revenue Administration, including cap computations, proposed and voted appropriations, estimated revenues, and ballot vote counts for any cap overrides

Clarifies that when operating budgets exceed caps and fail to receive a 3/5 majority vote, reductions must account for "appropriations already raised," defined as approved appropriations from warrant articles appearing earlier on the ballot

Modifies school district and town budget cap calculations by changing the inflation adjustment formula to apply the current year's inflation factor rather than the previous year's factor

Grants the Commissioner of Revenue Administration enforcement authority to reduce certified budgets that exceed adopted caps, while protecting appropriations that received the required supermajority override vote

Estimated state expenditure of $75,000 in FY 2027 from the General Fund to update DRA forms and electronic systems, with local governments facing potential administrative costs under $10,000 annually per municipality