Property taxes

A new law and constitutional amendment will restrict how fast property tax bills can rise on homestead properties, impacting local governments.

The central Texas city of Clyde said it issued tax and revenue anticipation notes with a 9.5% interest rate to repay its insurers after an Aug. 1 bond default.

The challenge to the 2022 approval of bonds for a PACE program could "catastrophically undermine" the finality of all Florida bond validations, the agency said.

The session, which begins Jan. 14 with a more-conservative Republican majority, could bring additional anti-ESG and DEI legislation.

Pewaukee, Wisconsin, is the target of lawsuits from a private industry group over a transportation utility fee that was struck down earlier this year.

KBRA has placed Chicago's general obligation bond rating on watch for downgrade as the City Council prepares to vote tomorrow on a proposed property tax increase.

Omaha voters approved six general obligation bond measures totaling $333.4 million last week, none of which required a tax increase.

Homeowners across the nation could realize savings from as little as $20 per year to having their bill wiped out entirely.

Many states are capping or trying to eliminate property taxes that support bond issuance.

Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal year 2025 budget that calls for a $300 million property tax increase, but does not touch pension funding levels.