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House Bill 1236


House Bill 1236

ARCHIVE (2008)

Latest Information

 

DIGEST OF INTRODUCED BILL


Local spending caps. Provides that certain expenditures of political subdivisions for local fiscal years beginning after December 31, 2008, may not increase more than the lesser of: (1) 3% of the previous budget year's expenditures; or (2) the sum of: (a) the percentage change of the population of the geographical territory of the political subdivision; and (b) the percentage change of the consumer price index for the Midwest Region for all items as published by the Bureau of Labor Statistics; for the immediately preceding budget year.
Current Status:
 In Committee - first House
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