LD 1923
pg. 14
Page 13 of 17 An Act To Increase Business Investment, Provide Expanded Property Tax Relief to... Page 15 of 17
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LR 2781
Item 1

 
2.__Average forecasted inflation rate.__"Average forecasted
inflation rate" means the average forecasted inflation rate as
defined by Title 5, section 1664.

 
3.__ Average real personal income growth rate.__"Average real
personal income growth rate" means the average real personal
income growth rate as defined by Title 5, section 1665,
subsection 1.

 
4.__County budget authority.__"County budget authority" means
the entity with authority under chapter 3 to approve the county
budget.

 
5.__County tax appropriation.__"County tax appropriation"
means the appropriations budgeted by a municipality to meet its
portion of the county tax assessed under section 706.

 
6. Education appropriation. "Education appropriation" means
the appropriations budgeted by a municipality to meet its local
share of education funding established under Title 20-A, chapter
606-B.

 
7. Exceptional circumstances. "Exceptional circumstances"
means an unforeseen condition or conditions regarding which the
local taxation authority lacks discretion, authority__or other
means of control, including, but not limited to:

 
A.__Unfunded or under-funded new state or federal mandates;

 
B.__Losses in state or federal revenues or other revenue
sources;

 
C.__Citizens' initiatives or referenda that require
increased municipal spending;

 
D.__Court orders or decrees that require additional,
unbudgeted__municipal resources to comply with the orders or
decrees; and

 
E.__Sudden or significant increases in demand for existing
municipal services that are not the result of municipal
legislative body actions that increase eligibility or
increase benefits.

 
8.__Local taxation authority.__"Local taxation authority"
means the legislative body of a municipality or the county budget
authority.

 
9.__Municipal services appropriation.__"Municipal services
appropriation" means the total amount of money appropriated to


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