AN ACT CONCERNING VOLUNTARY REVENUE SHARING AGREEMENTS BETWEEN CERTAIN MUNICIPALITIES.

SB 1041 permits certain neighboring municipalities in the same geographic region to voluntarily create revenue-sharing agreements by adopting variable property tax rates (mill rates) in consultation with each other. It directly affects towns or cities seeking to coordinate tax policies to share revenues, such as for joint services or infrastructure. The bill amends state law to establish this framework, allowing communities to negotiate flexible tax rates rather than using uniform rates. This is a procedural change enabling new agreements, not a direct funding allocation.