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Rathdrum council adopts $46.99 million 2025–26 budget; council removes 1% foregone tax
Summary
The City of Rathdrum adopted a balanced fiscal year 2025–26 budget totaling $46,990,355 and approved publishing the ordinance in full. Council voted to remove a proposed 1% foregone tax increase of $40,893 and to reduce the proposed 1.9% property tax increase, yielding a smaller net taxpayer impact than originally proposed.
The City of Rathdrum on Aug. 27 adopted a $46,990,355 fiscal year 2025–26 budget and voted to publish the ordinance in full, after discussion about proposed property tax and foregone levies.
City staff said the budget is balanced and includes $18,931,253 in budgeted general fund revenues, which combine property taxes, fund balance transfers and other revenues. Leon, a city staff member, told the council that $10,000,000 of projected revenue is a planned transfer from the general fund into a special revenue fund to pay for a new city hall project and that the transfer appears in several places in the budget presentation to reflect where the dollars will be spent.
The adopted budget includes a 1.9% property tax increase (listed as $72,624 in the presentation) and an initially proposed 1% foregone tax amount (listed at $40,893). Councilmember discussion focused on whether to take the full proposed increases and whether several position…
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