SB2760 amends the State Revenue Sharing Act to adjust Local Government Distributive Fund allocations for municipalities based on changes in.
SB2760 amends the State Revenue Sharing Act to adjust Local Government Distributive Fund allocations for municipalities based on changes in population due to annexations or disconnections. If a municipality imposes fees for sports wagering, those fees are deducted from its allocation and redistributed. The Department of Revenue must allocate funds monthly based on the latest census data, and adjustments must be made within 30 days of a written notice of annexation or disconnection. The bill ensures allocations are fair and equitable, reflecting changes in residency.
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