Relating to the calculation of the voter-approval tax rate for certain municipalities that receive municipal hotel occupancy tax revenue and other money from a local park board of trustees.

SB 2532 modifies how certain coastal municipalities calculate their voter-approval tax rate. It specifically affects eligible coastal municipalities that receive hotel occupancy tax revenue and park board funds, as defined in the bill. The key change introduces a "misspent public money rate" - calculated by dividing misspent funds (money spent outside authorized uses or received from park boards) by the municipality's total taxable property value. This rate is then subtracted from the standard voter-approval tax rate formula for these municipalities, potentially lowering the required tax rate. The bill does not change tax collections but adjusts the calculation method for eligible coastal communities.