AN ACT CONCERNING THE RECOMMENDATIONS OF THE INTERGOVERNMENTAL POLICY AND PLANNING DIVISION WITHIN THE OFFICE OF POLICY AND MANAGEMENT, AUDITS AND MUNICIPAL FINANCE.

This bill requires town assessors, tax collectors, and special services districts to submit annual reports to the Office of Policy and Management detailing their mill rates and tax levies for the upcoming fiscal year. It establishes a deadline of July 1st for these submissions and imposes a $250 or $100 fine on municipalities or officials who fail to file the required documents correctly. Additionally, the legislation allows towns conducting property revaluations to gradually phase in assessment increases over time rather than applying them all at once. These changes aim to improve the collection and review of financial data from local governments while providing a mechanism for managing property tax burdens.