SB2478 — Relating to the vote required by the governing body of a political subdivision to adopt an ad valorem tax rate that exceeds the no-new-revenue tax rate or to authorize the issuance of tax bonds.

SB2478 — Relating to the vote required by the governing body of a political subdivision to adopt an ad valorem tax rate that exceeds the no-new-revenue tax rate or to authorize the issuance of tax bonds. · Informed CitizenrySB 2478 amends the Government Code and Tax Code to increase the vote requirements for political subdivisions to issue general obligation bonds and adopt certain tax rates. Specifically, it requires…Open in Informed Citizenry