The tax man taketh. And sometimes he giveth back. The Coeur d'Alene City Council unanimously passed two ordinances Wednesday allowing the distribution of more than $1.3 million of property tax revenue because of the de-annexation of urban renewal property. Each of the ordinances represents the removal of property controlled by ignite cda — the city's urban renewal agency — from the city's two urban renewal districts, the Lake District and River District. According to a financial analysis prepared by the Panhandle Area Council, municipalities and institutions receiving additional property tax revenue through the de-annexation can add those funds to their budgets for the upcoming fiscal year, or use the revenue to lower taxes. The city of Coeur d'Alene, according to the analysis, will receive an additional $500,000 and plans to use the funds to staff a fourth fire station/Keith Cousins, Coeur d'Alene Press. More here.