Adds to existing law to require taxing districts to hold a hearing and provide certain notices to taxpayers before increasing the budget from property tax revenue from the previous year.

This legislation would cause no increase or decrease in revenue, or additional expenditures of funds at the state level. Therefore, this legislation would have no fiscal impact at the state level. Local taxing districts would be required to expend funds to publish one notice in the newspaper and to send by mail one notice to owners of property located within the taxing district in a year in which they propose a tax increase.