This bill mandates that cities and towns must hold a public hearing and conduct a roll call vote before overriding any locally adopted tax or spending caps. The new legal language inserted into RSA 32 includes a requirement for municipalities to provide at least 30 days' notice of the public hearing, allow a public comment period of at least 60 minutes, and record the final vote as a roll call, detailing each member's name and vote. Additionally, the results of this roll call vote must be published on or included with the next property tax bill issued by the municipality, ensuring transparency and accountability in the decision-making process.

The bill also clarifies that existing requirements for a supermajority vote or ballot approval for overrides remain unchanged. The fiscal impact is expected to result in an indeterminable increase in local expenditures of under $10,000 per city, primarily due to the additional administrative tasks associated with the new requirements. The New Hampshire Municipal Association has indicated that while the bill's provisions mainly affect cities, the cumulative costs could exceed $10,000 if multiple cities implement these procedures.