HB 1562 -- COUNTY CLASSIFICATION BY ASSESSED VALUATION SPONSOR: Kingery COMMITTEE ACTION: Voted "do pass" by the Special Committee on General Laws by a vote of 11 to 0. This bill increases the assessed valuation thresholds for a county to move into a higher classification. The minimum assessed valuation threshold for counties of the first classification is increased from $600 million to $900 million and from $450 million to $750 million for counties of the second classification. All counties with an assessed valuation of less than $750 million will be third classification counties. FISCAL NOTE: No impact on state funds in FY 2011, FY 2012, and FY 2013. PROPONENTS: Supporters say that many counties prefer to remain in a smaller classification to avoid additional duties and expenses. Adjustments to county classification are common and typically done upon county request. Testifying for the bill was Representative Kingery. OPPONENTS: There was no opposition voiced to the committee.Copyright (c) Missouri House of Representatives