relative to local tax caps.

This law establishes tax limits for towns and school districts that choose to adopt them, restricting how much they can raise in property taxes compared to the previous year. Local governments can set a fixed dollar amount or percentage cap, with automatic adjustments allowed for inflation and changes in population or student attendance. Towns and school boards can override these limits during annual meetings, but doing so requires a specific voting process where a supermajority of those voting must approve the increase. The rules apply only to communities that voluntarily enact the cap, giving them control over their budget constraints while providing a structured way to exceed them if necessary.