Relating to the adoption of an ad valorem tax rate by certain special districts and voter approval of a proposed ad valorem tax rate that exceeds the voter-approval tax rate.
Impact
The enactment of SB749 will significantly impact the operational framework governing special districts in Texas. It requires these districts to provide detailed information publicly, including the tax rates, governing body member details, and relevant meeting notices. The transparency provisions mandate that special purpose districts maintain an accessible internet presence, where residents can easily find important information, thereby promoting civic engagement and oversight.
Summary
SB749 aims to regulate the adoption of ad valorem tax rates by special districts in Texas. The bill proposes that any proposed tax rate exceeding the allowable voter-approval tax rate would require explicit voter consent. This measure is intended to increase transparency and accountability within special districts regarding their fiscal policies and taxation measures. By mandating voter approval for higher tax rates, the bill seeks to empower residents, ensuring that they have a say in the financial decisions affecting their districts.
Contention
Notably, this bill has sparked discussions among lawmakers regarding local governance and fiscal management. Supporters argue that increased oversight is necessary to prevent potential abuses and ensure community interests are prioritized. However, some critics worry that the additional requirements could hinder the operational efficiency of special districts, particularly in situations requiring prompt financial decisions. This reflects a broader tension between the needs for fiscal accountability and the practicalities of immediate governance.
Notable_points
Furthermore, the bill proposes repealing certain provisions of the Special District Local Laws Code and amendments to existing tax codes, signifying a shift in regulatory authority and fiscal operations within the framework of special districts. By shaping how these entities engage with taxation and accountability to residents, SB749 aims for a more balanced approach to local governance in Texas.
Texas Constitutional Statutes Affected
Government Code
Chapter 1. General Provisions
Section: New Section
Tax Code
Chapter 1. General Provisions
Section: New Section
Water Code
Chapter 49. Provisions Applicable To All Districts
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the vote required in an election to approve an ad valorem tax rate that exceeds a taxing unit's voter-approval tax rate; making conforming changes.
Relating to the vote required in an election to approve an ad valorem tax rate that exceeds a taxing unit's voter-approval tax rate; making conforming changes.
Relating to the vote required in an election to approve an ad valorem tax rate that exceeds a taxing unit's voter-approval tax rate; making conforming changes.
Relating to the vote required in an election to approve an ad valorem tax rate that exceeds a taxing unit's voter-approval tax rate; making conforming changes.
Relating to the authority of the governing body of a school district to adopt an ad valorem tax rate that exceeds the district's voter-approval tax rate.
Relating to the authority of the governing body of a school district to adopt an ad valorem tax rate that exceeds the district's voter-approval tax rate.