Connecticut SB00446 mandates a study on allowing municipalities with revenue-sharing agreements to use differential mill rates.

Connecticut SB00446 requires the Office of Policy and Management to study the feasibility of authorizing municipalities with revenue-sharing agreements to adopt differential mill rates. The study must be completed by January 1, 2027, and a report submitted to the relevant joint standing committee. The act aims to explore how such differential rates could be implemented and their potential impact on municipal tax revenues.

Connecticut SB00446 mandates a study on allowing municipalities with revenue-sharing agreements to use differential mill rates.

Connecticut SB00446 requires the Office of Policy and Management to study the feasibility of authorizing municipalities with revenue-sharing agreements to adopt differential mill rates. The study must be completed by January 1, 2027, and a report submitted to the relevant joint standing committee. The act aims to explore how such differential rates could be implemented and their potential impact on municipal tax revenues.