Proposition 2 1/2 overrides & exclusions

Debt exclusions, capital outlay expenditure exclusions and overrides enable a community either to permanently increase its levy limit or temporarily levy above its levy limit or levy ceiling. These resources help clarify the difference between overrides how they will impact a community’s tax levy, and the process by which they are proposed and reviewed by voters.

An important part of Proposition 2 1/2.

Who is involved with this process

• The Role and Responsibilities of an Assessor (PDF)
• The Role of a Finance Director (PDF)
• The Role of the Finance Committee (Video)

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Introduction to proposition 2 1/2

• Calculating the Levy Limit (Video)

• What is a Levy Ceiling? (Video)
• What is a Levy Limit? (Video)
• What is Excess Levy Capacity? (Video)
• What is New Growth? (Video)
• What is Proposition 2 1/2? (Video)

Overrides & exclusions

• How Can a Community Exceed Its Levy Limit or Ceiling? (Video)
• What is a Proposition 2 1/2 Exclusion? (Video)
• What is a Proposition 2 1/2 Override or Underride? (Video)
• What's the Difference Between an Override and an Exclusion? (Video)

Approval of overrides & exclusions

• A Deeper Dive Into Municipal Debt - Borrowings subject to debt exclusion approval (Video)
• Proposition 2 ½ Ballot Questions – Requirement and Procedures (PDF)

DLS publications

• A Detailed Look At Proposition 2 ½ for assessors Handbook (PDF)
• Levy Limits: A Primer on Proposition 2 ½ (PDF)

Tools

• Impact of Proposition 2 1/2 Referendum on Property Tax Bill (Databank report)
• Tax Impact Calculator (Databank report)