SF 2472: A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions.
SF 2472 status: Introduced — Fiscal note (updated Jul 15, 2026).
What this bill does
Overall score
Bill summary
OfficialA bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriati...
Key analysis
Impact analysis
Environment
Benefits
- no identified direct impacts
Risks
- no identified direct impacts
Economy
Benefits
- establishes a tax-advantaged homebuyer savings program
- imposes predictability on property tax growth
Risks
- limits local government revenue flexibility
- potential for fiscal instability in local municipalities
Society
Benefits
- potential support for first-time homeowners
- increases transparency in property tax assessments
Risks
- caps on school district unspent balances may impact educational reserves
- curtailing local levies may reduce funding for public safety and local infrastructure
How trustworthy & consequential it is
Source
LegiScan
Confidence
highhigh
Analysis status
LegiScan full bill text
imposes rigid revenue limitations on local government and school districts that may trigger service reductions
long-term impacts on local service provision are difficult to forecast
Where it stands
Introduced
CurrentFiscal note.
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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