The bill amends Section 44-5-2 of the General Laws regarding the maximum levy of local taxes by cities and towns. It grants an exemption from the four percent (4%) property tax levy cap specifically to the town of Jamestown. The town may approve an annual budget that provides for a proposed levy increase in excess of the percentage increase specified in subsection (a) or (b) of this section, provided that the proposed levy increase is clearly and unambiguously listed in the proposed budget submitted to, and approved by, the voters of Jamestown at a duly called and properly conducted financial town meeting. This act is set to take effect upon passage.

Statutes affected:
6216: 44-5-2