A package of bills that the League has been pushing for a couple of years is getting a hearing this Thursday, November 4 at 11am in the Senate Finance committee. The bills, HBs 5550 - 5554 would, generally speaking, allow local communities the opportunity to refinance existing non-voted debt in order to better handle challenging fiscal times. Many communties have expressed an interest in these bills and the committee hearing is a great step forward in this process. The bills have already passed the House. We expect there will probably be some substitutes, in which case the bills will have to go back to the House for final passage should the bills pass the Senate. But this is one of the League's lame duck priorities and we are hopeful we can get the legislature to provide some tools for struggling municipalities before the end of this session!
Summer Minnick is the Director of State Affairs for the League. She can be recahed at 517-908-0301 or at sminnick@mml.org
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