Clarifying Bond Election Rules for Schools and Municipalities

Description

This bill revises how school districts seek voter approval to exceed debt limits, modifies requirements for municipal bond elections, and updates ballot content provisions. It aims to provide clearer, more transparent standards for asking taxpayers to assume new debt obligations. CPAC supports transparency and voter control over government borrowing and supported this bill. The Senate passed this bill on 2025-04-16 by a vote of 43-4. The bill later became law.