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House Journal: Page 905: Wednesday, March 22, 1995

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

Iowa General Assembly

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

© 1995 Cornell College and League of Women Voters of Iowa

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URL: /DOCS/GA/76GA/Session.1/HJournal/00900/00905.html
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