Relating to a limitation on the rate of growth in state and local appropriations with the return of over-collected taxpayer money by reducing taxes.

Based on the provided context, the bill text for HB 5449 is not currently available (only the title and recent actions are listed). The title indicates it would limit the growth rate of state and local government spending (appropriations) and require returning over-collected taxpayer funds to residents through tax reductions. Without access to the full bill text or specific provisions, a detailed summary of mechanisms or affected parties cannot be provided. The bill was filed on March 14, 2025, and referred to the Appropriations committee on April 7, 2025. For a complete summary, the full bill text would be required.