Court Opinion

ID: 9752950
Source: CourtListenerOpinion
Date Created: 2023-08-28 18:47:13.221295+00
Date Added: 2024-06-11T07:27:26.344370
License: Public Domain

Concurring Opinion by
Mr. Justice Cohen:
Article IX, §8 of our Constitution requires that the debt of a municipality should not exceed a certain percentage of the assessed valuation of the municipality.
By the Act of 1961, the legislature sought to require that the assessed valuation be obtained in a certain manner and if not so obtained, then the market values established by the State Tax Equalization Board were to be used in determining the amount of debt which a municipality could incur. There is no constitutional grant that permits the market valuation as determined by the State Tax Equalization Board to be used; hence, an act utilizing such market valuation as the base in the creation of a municipal debt limit is unconstitutional.
Mr. Justice Benjamin R. Jones joins in this concurring opinion.