This bill mandates that municipalities must include tax impact statements for budgets and warrant articles, as well as a total tax summary statement. Specifically, it amends RSA 32:5, V-a to change the language from "may" to "shall," thereby requiring that all votes related to budget items or warrant articles be recorded and included in the town, school district, or village district warrant. Additionally, it repeals and reenacts RSA 32:5, V-b to require that annual budgets and special warrant articles with tax impacts include a notation of the estimated tax impact per $1,000 of property valuation. This notation must also detail multi-year tax impacts for special warrant articles.

Furthermore, the bill stipulates that a total tax impact summary statement must be included at the end of the warrant article, which describes the estimated tax impact if all proposed articles with a tax impact were to pass. This summary must also be included on the official ballot if the town has adopted the use of official ballots. The bill is set to take effect 60 days after its passage and is noted to have no fiscal impact on state, county, or local expenditures or revenue.

Statutes affected:
Introduced: 32:5
As Amended by the House: 32:5