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HB2331 - Bonding; Taxation; Expenditures; District Limitations
This bill seeks to limit the amount of expenditures and debt that can be accumulated by linking all special districts (including an IDA, CFD, Water District etc.) directly with limits set on the city in which they reside. This would include tying expenditures to a cities expenditure limitation and debt limitations to its constitutional debt limit. The bill makes no adjustments for valuations or expenditure limits associated with preexisting districts special districts.