SB0216

SB0216 amends the Property Tax Extension Limitation Law to adjust the aggregate extension base for certain taxing districts.

SB0216 amends the Property Tax Extension Limitation Law by adjusting the aggregate extension base for taxing districts. It specifies that for certain districts, the base is calculated based on the last preceding aggregate extension. The bill also allows for the reduction of the aggregate extension base through a referendum if certain conditions are met. Additionally, it provides for the establishment or increase of the debt service extension base through a referendum. The bill includes provisions for calculating the limiting rate and the extension limitation for different taxing districts.