This file contains STRIKE, UNDERSCORE, and BOLD. If you cannot see either STRIKE or UNDERSCORE attributes or would like to change how these attributes are displayed, please use the following form to make the desired changes.

House Journal: Page 586: Monday, February 27, 1995

28   product of the total tax dollars levied in the fiscal
29   year beginning July 1, 1996, and the percent change,
30   computed to two decimal places, in the price index for
31   government purchases by type for state and local
32   governments computed for the third quarter of calendar
33   year 1996 from that computed for the third quarter of
34   calendar year 1995.  The increase in taxes levied
35   under this exception for the fiscal year beginning
36   July 1, 1998, is limited to no more than the product
37   of the total tax dollars levied in the fiscal year
38   beginning July 1, 1997, and the percent change,
39   computed to two decimal places, in the price index for
40   government purchases by type for state and local
41   governments computed for the third quarter of calendar
42   year 1997 from that computed for the third quarter of
43   calendar year 1996.
44     For purposes of this paragraph, the price index for
45   government purchases by type for state and local
46   governments is defined by the bureau of economic
47   analysis of the United States department of commerce
48   and published in table 7.11 of the national income and
49   products accounts.  For the fiscal years beginning
50   July 1, 1997, and July 1, 1998, the price index used
Page  32
 1   shall be the revision published in the November 1996
 2   and November 1997 issues, respectively, of the United
 3   States department of commerce publication, "survey of
 4   current business".  For purposes of this paragraph,
 5   tax dollars levied in the fiscal years beginning July
 6   1, 1996, and July 1, 1997, shall not include funds
 7   levied for paragraphs "a", "b", and "c" of this
 8   subsection.
 9     Application of this exception shall require an
10   original publication of the budget and a public
11   hearing and a second publication and a second hearing
12   both in the manner and form prescribed by the director
13   of the department of management, notwithstanding the
14   provisions of section 331.434.  The publications and
15   hearings prescribed in this paragraph shall be held
16   and the budget certified no later than March 15.  The
17   taxes levied for counties whose budgets are certified
18   after March 15, 1997, shall be frozen at the fiscal
19   year beginning July 1, 1996, level, and the taxes
20   levied for counties whose budgets are certified after
21   March 15, 1998, shall be frozen at the fiscal year
22   beginning July 1, 1997, level.
23     3.  APPEAL PROCEDURES.  In lieu of the procedures
24   in sections 24.48 and 331.426, which procedures do not
25   apply for taxes payable in the fiscal years beginning
26   July 1, 1997, and July 1, 1998, if a county needs to
27   raise property tax dollars from a tax levy in excess
28   of the limitations imposed by subsection 1, the

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/00500/00586.html
jhf