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Levy Lid Lift Update April 14, 2016Why We Are Discussing What Has Happened? With no new revenues in place to pay rent in 2015, and no cuts made to address it, the General Fund balance was drawn down.
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What is levy lid lift vs?
A levy lid lift is a process where local governments can ask voters to approve an increase in the tax rate beyond existing limits.
Who is required to file levy lid lift vs?
Local governments who want to increase their tax rates beyond current limits are required to file a levy lid lift
How to fill out levy lid lift vs?
To fill out a levy lid lift, local governments must provide detailed information on the proposed tax increase, its purpose, and the benefits to the community.
What is the purpose of levy lid lift vs?
The purpose of a levy lid lift is to generate additional revenue for essential services and projects that benefit the community.
What information must be reported on levy lid lift vs?
Local governments must report the proposed tax increase amount, its purpose, and the impact on taxpayers.
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