'Property Tax Transparency' Approved in Iowa
Iowa Governor Kim Reynolds signed Senate File 634 into law this week, which implements property tax reform and will have an effect on county and city budgets around the state.
Erin Murphy and James Q. Lynch provided coverage of Senate File 634 in April, after the bill advanced to the governor's desk. Here's how they describe the final moments of the bill's approval process and the significance of its adoption:
Despite heavy opposition from municipal governments, the Iowa Legislature debated through the night before approving a proposal to require local governments to take extra steps before they increase property tax revenues --- whether because of higher tax rate or rising property values.
Supporters of the bill are calling Senate File 634 the property tax transparency bill.
Now that Gov. Reynolds has signed the bill, Brian Morelli breaks down the potential consequences of the bill for communities around the state: Cedar Rapids, Linn County, Marion, and Johnson County.