|Posted:||December 7, 2020 09:43 AM|
|From:||Representative Francis X. Ryan|
|To:||All House members|
|Subject:||LEGISLATION: PROPERTY TAX PENSION OBLIGATION DISCLOSURE ACT|
|In the near future, I intend to reintroduce legislation (former HB322) which will provide transparency to current and prospective property owners.
This legislation will require the governing body of each school district to calculate the amount of unfunded pension and other postemployment benefit obligations per $100,000 of assessed residential property within the school district. The results of the calculation must be published as follows:
I hope you will join me in cosponsoring this important legislation.
Introduced as HB1705