Kentucky HB843 amends laws related to community improvement districts, including tax collection, project eligibility, and performance reporting.

Kentucky HB843 amends existing laws to enhance the operations and oversight of community improvement districts. The bill allows these districts to collect ad valorem taxes and special assessments to fund projects. It specifies that projects must be approved by property owners through a vote and can continue for up to 10 years, extendable by another 10 years if approved. The bill also mandates that districts report performance metrics, including property values, employment, housing, and equity outcomes.

Kentucky HB843 amends laws related to community improvement districts, including tax collection, project eligibility, and performance reporting.

Kentucky HB843 amends existing laws to enhance the operations and oversight of community improvement districts. The bill allows these districts to collect ad valorem taxes and special assessments to fund projects. It specifies that projects must be approved by property owners through a vote and can continue for up to 10 years, extendable by another 10 years if approved. The bill also mandates that districts report performance metrics, including property values, employment, housing, and equity outcomes.