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F I S C A L I M P A C T R E P O R T





SPONSOR: Lyons DATE TYPED: 02/15/01 HB
SHORT TITLE: Equitable Assessment Alternatives SB 575
ANALYST: Dotson


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY01 FY02 FY01 FY02

NFI



(Parenthesis ( ) Indicate Expenditure Decreases)



Relates to HB 708

SOURCES OF INFORMATION



Department of Environment



SUMMARY



Synopsis of Bill



SB 575 amends legislation related to Special Assessment Districts (SAD) which are created to provide authority for assessment of some portion or all costs of street maintenance to owners of land tracts within the district. The amendment clarifies the basis on which assessments are made to beneficiaries of street maintenance within the district by a county government.



FISCAL IMPLICATIONS



The basis of the assessment will be the percentage of each tract's assessed value compared to the assessed value of the whole district.



OTHER SUBSTANTIVE ISSUES



According to the Environment Department, assessments by counties for street maintenance will continue to be made on the basis of feet of property abutting streets within the SAD.



The outcome is that each property owner is charged by percentage of his assessed value when compared to the whole, for maintenance of all streets within the SAD.



PD/sb/njw