Rep. David Lowe authored HB 3262, which would have established a supermajority requirement for voter approval of bond issuances and other debt obligations by political subdivisions. The bill stipulates that at least two-thirds of voters must approve a bond proposition for it to take effect. Additionally, it standardizes ballot language for bond elections, requiring clear disclosure of the financial impact, including projected interest payments and estimated tax increases. The bill aimed to enhance fiscal transparency and ensure broader voter consensus on public debt.

Tired of endless bond votes that raise your property taxes? This was part of the answer to that.

Regrettably, it died without a hearing in the House Pensions, Investments & Financial Services Committee, chaired by Republican Stan Lambert.