Relating to efficiency audits for certain political subdivisions.

HB 1433 requires certain local governments (cities, counties, or special districts, but not school districts) to conduct independent efficiency audits if they raise property tax rates above the "no-new-revenue" level for five consecutive years. The audit must examine fiscal management, resource use, and operational efficiency, and must be completed within three months by an independent auditor selected by the local government. Local governments must pay for the audit, hold a public meeting to discuss results, and post findings online within 30 days. An exception allows disaster-affected areas (declared by the governor) to delay the audit for two years after the disaster declaration. The bill takes effect September 1, 2025.