Relating to efficiency audits for certain political subdivisions.

HB 159 requires cities, counties, and other local governments (excluding school districts) to conduct an efficiency audit if they set a property tax rate above the rate that would not generate new revenue for five consecutive tax years, excluding tax years before 2022 (this exclusion ends January 1, 2027). The audit must be completed by an independent auditor within three months, with results shared at a public meeting and posted online within 30 days. Local governments must cover audit costs and provide all necessary records to the auditor. An exception allows a tax rate above that threshold without an audit for two years after a disaster declaration if voters approve.