city and town unification
HB 2364 establishes a mechanism for a city and town to unify.
Currently, there is no statutory mechanism for the consolidation of a city and town.
· States that the Department of Economic Security’s annual population estimate of the unified city shall be used for distribution of local transportation assistance fund monies.
· Calculates the unified city’s property tax levy limit as the combined maximum allowable levy limit of the former city and town unless the voters of the new city approve another levy limit.
· Stipulates that the expenditure limit of the new city shall be the alternative expenditure limitation of the largest city until the fiscal year following the unified city’s first general election.
· Authorizes the council to propose an alternative expenditure limitation or permanent base adjustment at the unified city’s first general election. If the voters reject the alternative expenditure limitation, then the expenditure limitation is calculated using the formula provided for a newly incorporated city,
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45th Legislature
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Second Regular Session 2 March
18, 2002
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