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Senate Bill 0337


Senate Bill 0337

ARCHIVE (2010)

Latest Information

 

DIGEST OF SB337 (Updated January 28, 2010 6:37 pm - DI 84)


Local government merger and cooperation. Requires the department of local government finance to develop criteria for making a one-time adjustment to allow a political subdivision to retain a portion of its levy and budget that would otherwise be reduced because of savings from a government reorganization or merger. Specifies that such an adjustment may not exceed 50% of the savings or reduction realized in the first full year of operation after the merger or reorganization. Specifies that the adjustment applies in the first year in which the adjustment is made and to all subsequent years. Provides that fiscal body of the reorganizing political subdivision or new township shall determine and certify to the department of local government finance the amount of the one time adjustment that the political subdivision or new township wishes to accept. Provides that in the case of a reorganization under the government modernization statutes, the amount of any one time adjustment accepted by a reorganized political subdivision must comply with the reorganization agreement.
    Current Status:
     In Committee - 2nd House
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