An Act Providing Municipal Stormwater Authorities With Certain Fiscal Powers.
Impact
If enacted, HB05512 would amend existing statutes to provide local stormwater management entities with the tools they need to effectively manage and address stormwater issues. This includes the ability to secure financial resources through borrowing and grants, which are critical for undertaking projects that can mitigate flooding, reduce pollution, and promote more sustainable stormwater practices within municipalities.
Summary
House Bill 05512 aims to empower municipal stormwater authorities by granting them certain fiscal powers. Specifically, the bill seeks to enable these authorities to levy liens on properties, borrow funds, and receive grants. The introduction of such powers is intended to enhance the financial capabilities of municipal agencies tasked with managing stormwater, thereby improving their ability to fund necessary infrastructure and maintenance projects.
Contention
Discussion around HB05512 may arise regarding the implications of empowering municipal stormwater authorities with the ability to impose liens. Some stakeholders may voice concerns regarding property owners' rights and the potential financial burden that could result from liens placed on properties. Additionally, the effectiveness and efficiency of how these funds are utilized by municipal authorities could be a point of contention, as some may question oversight and accountability in spending.
An Act Increasing The Highest Marginal Rate Of The Personal Income Tax And Establishing A Capital Gains Surcharge To Provide Funding For Certain Child-related, Municipal And Higher Education Initiatives.