SB 2529 – Limits local tax and debt

SB 2529 strengthens taxpayer protections by raising the bar for local governments to approve new debt or higher taxes. Under this bill, any bond proposal must receive at least 60% support from the governing body, rather than a simple majority. If voters have already rejected a tax hike or bond, the bill requires a supermajority—up to 75% or more—before the proposal can be brought back. This reform curbs the common practice of recycling failed tax increases until they pass, helping to preserve voter intent. By making it harder to raise taxes or take on new debt without broad support, the bill promotes transparency, accountability, and restraint in local budgeting. It also shields taxpayers from being worn down by repeated ballot measures aimed at increasing their financial burden. This legislation aligns with the principles of limited government and fiscal responsibility by reining in runaway local spending. For these reasons, TFR strongly supports SB 2529