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Finance Committee Meeting HB 1661 (Dermody) - Providing for a temporary moratorium of court-ordered countywide reassessments. Establishes a moratorium on court-ordered countywide real property assessments while the General Assembly conducts a study of the property tax reassessment system and enacts legislation to address issues that include sudden and dramatic increases in taxes, lack of uniformity among counties and inequities throughout the state. HB 1828 (Williams) - Amends the Municipal Pension Plan Funding Standard and Recovery Act, adding special provisions for amortization of unfunded actuarial accrued liability and minimum municipal obligation in cities of the first class; and providing for special taxing authority for cities of the first class.
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