Amendment ID: S2901-7

Amendment 7

Municipal fiscal stability and property tax modernization

Mr. Eldridge, Ms. Rausch and Ms. Jehlen move that the proposed new draft be amended by inserting the following section:-

SECTION XX. Section 21C of chapter 59 of the General Laws is hereby amended by inserting the following subsection:—

“(o) Notwithstanding any general or special law to the contrary, a city or town may, upon approval by a majority vote of the voters at a regular or special municipal election, authorize an increase to its levy limit as referenced in subsection (b) for a period not to exceed 10 years.

The ballot question shall specify the fiscal years for which such increase shall apply. Upon expiration of the authorized period, the total taxes assessed shall revert to the otherwise applicable limit unless reauthorized by the voters.

The department of revenue may promulgate regulations to implement this subsection.”