DIGEST OF INTRODUCED BILL
Budgets of appointed bodies. Requires a lease with an original term of at least five years or the bonded indebtedness of a civil taxing unit that does not have a majority of elected members to be approved by the city, town, or county fiscal body. Requires an elected fiscal body to review and approve the proposed budget and tax levy of an appointed governing body of a taxing unit, including school corporations and public library districts. Permits review of a proposed budget and tax levy that is less than 5% greater than the prior year's levy. Permits the reduction of a proposed tax levy to an amount that is less than the maximum permissible levy.