Otter’s Tax Shift Plan Scares Schools

For at least three decades, American Falls School District voters have said yes to schools, approving a series of supplemental property tax levies. That burden has been borne partly by homeowners, but largely by industry, such as J.R. Simplot Co., which has operated a phosphate fertilizer manufacturing plant in Power County since 1944. But for American Falls — and other school districts — this funding formula could change significantly. The Legislature is considering repealing the “personal property tax” on business equipment and supplies, which could shift more of the property tax burden onto homeowners. Some 200 miles east of the Statehouse, American Falls Superintendent Ronald Bolinger is watching the debate closely. “I’m hopeful and I’m scared, because I know what this would mean to my county”/ Kevin Richert , The EDge, IdahoEDNews. More here.

Thoughts?