Rhode Island H8473 allows Cranston a one-year levy cap exemption for fiscal year ending June 30, 2027, not to exceed 7.45%.
Rhode Island H8473 amends the General Laws to permit the city of Cranston a one-year levy cap exemption for the fiscal year ending June 30, 2027, not to exceed seven and forty-five hundredths percent (7.45%). This exemption allows Cranston to exceed the standard property tax levy cap for one fiscal year, providing flexibility in managing its tax revenue. The bill takes effect upon passage.
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