Relating to the vote required by the governing body of a taxing unit to adopt an ad valorem tax rate that exceeds the voter-approval tax rate or authorize the issuance of tax bonds.

SB 2529 requires local taxing units (like cities, school districts, or water districts) to obtain a supermajority vote from their governing body before adopting tax rates exceeding voter-approved limits or issuing certain bonds. Specifically, it mandates at least 60% approval for general obligation bonds and 75% approval for tax rates that exceed previously rejected voter-approved rates. The bill applies when a taxing unit seeks to raise taxes above the rate voters previously rejected in an election. This policy change directly affects local government decision-making on tax increases and bond issuances.