Idaho H0842 revises budget limitations for taxing districts, allowing exceptions for certain levies and budget increases.

Idaho H0842 amends existing law to revise budget limitations for taxing districts, including cities and counties. It allows exceptions for certain levies, such as those for newly annexed property or capital projects. The bill also permits taxing districts to reserve forgone budget increases for future use, subject to voter approval. Additionally, it modifies the calculation of budget increases for fire protection districts and urban renewal districts. The provisions are severable, and the act applies retroactively to January 1, 2026.

Idaho H0842 revises budget limitations for taxing districts, allowing exceptions for certain levies and budget increases.

Idaho H0842 amends existing law to revise budget limitations for taxing districts, including cities and counties. It allows exceptions for certain levies, such as those for newly annexed property or capital projects. The bill also permits taxing districts to reserve forgone budget increases for future use, subject to voter approval. Additionally, it modifies the calculation of budget increases for fire protection districts and urban renewal districts. The provisions are severable, and the act applies retroactively to January 1, 2026.