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Policy # Description Priority Action Chapter/Bill #CommentsIDlGeneral Class <br />Rate Changes <br />C-A Upheld Laws 1995 <br />Chapter 264 <br />H.F. 1864 <br />There was no major class rate changes that will <br />signif ^cantly impact other property classes. <br />Seasonal recreational property class rate for va>ue <br />under $72,000 will reduce from 2% to 1.9% for <br />taxes payable in 1997 and 1.8% in 1998. The rate <br />for value over $72,000 remains at 2.5%. Manu­ <br />factured home pailc class rate will remain at 2% <br />permanently. <br />ID-2.3 Tax Exempt <br />Property: <br />Private/Pttblic <br />B/D No <br />Action <br />A few bills were introduced but no serious <br />discussion occurred. <br />ID-4 Property Tax <br />Reform <br />C/A Upheld Major issues in policy were upheld as no major <br />changes occurred in property taxation. Many bills <br />intended to overtiaul the property tax system <br />were introduced, heard and tabled. There will be <br />major discussion in the interim and 1996. <br />lE-I Fiscal Note <br />Continuation <br />C Upheld Fiscal notes continued per AMM policy. <br />IE-2 Funding Shifts D Upheld Funding was continued per AMM policy. <br />IE-3 State Revenue <br />Stability <br />C Upheld The stale budget reserve and its use were <br />protected. <br />IE-4 City Fund <br />Balances <br />OA Upheld AMM position of no restrictions or state <br />connol upheld. <br />AMM Policy Report (1995)