New Hampshire HB1505 mandates municipalities, towns, and cities to submit documentation proving compliance with local budget and tax caps.

New Hampshire HB1505 amends RSA 32 to require municipalities, towns, and cities to submit documentation to the Department of Revenue Administration proving compliance with local budget and tax caps. The bill introduces new sections to RSA 32, including RSA 32:5-i, which enforces local caps. It mandates that the budget certified by the governing body or the budget committee, including the operating budget and all warrant articles with a tax impact, must not exceed the budget cap. The bill also requires a 3/5ths majority to adopt the budget cap.

New Hampshire HB1505 mandates municipalities, towns, and cities to submit documentation proving compliance with local budget and tax caps.

New Hampshire HB1505 amends RSA 32 to require municipalities, towns, and cities to submit documentation to the Department of Revenue Administration proving compliance with local budget and tax caps. The bill introduces new sections to RSA 32, including RSA 32:5-i, which enforces local caps. It mandates that the budget certified by the governing body or the budget committee, including the operating budget and all warrant articles with a tax impact, must not exceed the budget cap. The bill also requires a 3/5ths majority to adopt the budget cap.