January 31, 1995 in Idaho

The Batt Bill

 

Gov. Phil Batt’s proposal to cut property taxes includes the following:

Replace $40 million of local property tax levies for maintenance and operations with state funding;

Impose a cap of 3 percent on annual increases in the property tax portion of local government budgets;

Allow the 3 percent cap to be waived to allow taxing of new construction or newly annexed areas;

Allow local governments to exceed the 3 percent cap if they raise their budgets by only 1 or 2 percent the previous year;

Repeal the “Truth in Taxation” law that requires public notice if an agency will increase its budget by more than 5 percent.

xxxx “Batt’s tax bill heads for House.”

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