An Act empowering municipalities and local governments

This bill amends state laws to give local governments more flexibility in managing property tax revenues and administrative functions. It allows cities and towns to keep a portion of tax growth from specific development areas to fund local projects and pay off debt without needing extra state approval. The legislation also enables multiple towns to join together to share the work and costs of assessing property values through a regional board. Additionally, the bill clarifies how local officials can handle certain joint services and expands the definition of receipts for tax purposes.