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House Journal: Page 635: Tuesday, February 28, 1995

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

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/00600/00635.html
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