SB 414 - Transparency on Bonds

SB 414 makes local bond elections more transparent by requiring ballots to show the full cost of the debt—including interest—rather than just the principal. It also mandates a voter information document that shows how much debt a local government already has and estimates how much taxes would go up on a $100,000 home. This prevents misleading bond proposals and gives taxpayers the tools they need to make informed decisions. The bill because it promotes honesty, limits waste, and helps prevent unnecessary debt and tax hikes.