…The so-called “truth in taxation” law, for one thing, keeps local governments from capturing more revenue than they did the previous year, with the exception of an allowance for natural growth. Any increase must be declared a tax hike, resulting in a public hearing.
This has been a powerful leash on local government spending. A 2018 study by the Utah Foundation concluded that this law has kept the line on property taxes despite soaring home prices in recent years…
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