Tax-stressed cities demolition grant program establishment and special revenue fund account creation, and appropriation

This bill creates a state grant program to help cities with high property tax burdens cover half the cost of demolishing unsafe, vacant properties. It specifically targets "tax-stressed cities" (those with a net tax capacity rate over 125%) and requires properties to be vacant for at least one year, pose a public safety risk, and not be historic. The state will appropriate $2.25 million annually for two years to fund 50% of eligible demolition costs, with cities responsible for the remaining 50% from non-state funds. Applicants must prove financial need and demonstrate the safety threat posed by the vacant structures. The program requires annual reports to the legislature on fund usage.