Bill > S1108

This bill amends existing law to revise provisions regarding a taxing district's budget limitations. The key provisions include: 1) Limiting the budget request for property tax revenues to the highest dollar amount from the previous three tax years, with a growth factor of up to 3% plus additional amounts based on new construction and annexations. 2) Allowing taxing districts that have not imposed a levy for three or more years to use the last year a levy was made as the basis for the budget limitation. 3) Exempting school district levies and cooperative service agency levies from the budget limitation. 4) Allowing taxing districts to submit the question of exceeding the budget limitation to voters for approval. Overall, the bill aims to provide a framework for taxing districts to manage their budget and property tax levies, with some exceptions and opportunities for voter-approved increases.

Budget and Finance, Justice

Local Government and Taxation Committee (Senate)

https://legislature.idaho.gov/sessioninfo/2021/legislation/S1108/