DIGEST OF INTRODUCED BILL
Property tax budgets of appointed local boards. Requires the proposed property tax levy of all governing bodies that are currently approved by an appointive body to be subject to the approval of an appropriate elected fiscal body if a petition requesting the review and approval is filed by the lesser of 250 owners of real property within the political subdivision or 10% of the owners of real property within the political subdivision. Removes the exceptions in current law for budgets of appointed school corporations and public libraries and for governing bodies budgeting a tax levy increase of less than 5% of the prior year's levy. Removes a restriction that prevents a fiscal body from reducing the proposed tax levy to an amount that is less than the maximum permissible levy increase under property tax controls.