Idaho Bills

Amends existing law to provide a procedure where a taxing district may disclaim the right to recover all or any portion of a forgone balance.

Taxing districts, such as cities and counties, set their annual budget not to exceed an increase of 3% of the prior year's budget, after factoring in growth. A taxing district may choose to set a budget less than this allowed 3% and then use this forgone amount in a later year. This bill allows a taxing district, at its own discretion, to disclaim any or all of its forgone balances.