The proposed bill, General Assembly Proposed Bill No. 1041, seeks to amend the general statutes to allow certain municipalities to adopt variable mill rates. This change is intended to enable these municipalities to engage in voluntary revenue sharing agreements with one or more neighboring municipalities within the same geographic region.

The bill does not specify any deletions from current law but introduces new provisions that facilitate collaboration among municipalities regarding their tax rates. By permitting variable mill rates, the bill aims to enhance financial cooperation and resource sharing among local governments, ultimately benefiting the communities involved.