Relating to the calculation of the no-new-revenue tax rate for a taxing unit.

HB 4194 requires local taxing units (like cities, counties, and school districts) to adjust their "no-new-revenue" tax rates annually based on inflation. The bill directs the comptroller to calculate the annual inflation rate using the Consumer Price Index and publish it by July 1 each year. Taxing units must then automatically raise or lower their tax rates to match this inflation rate, ensuring tax revenue growth aligns with cost-of-living changes. This adjustment applies starting with the 2026 tax year, as specified in the bill's effective date.