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Boise budget proposal takes full 3% property tax increase, uses limited new‑construction capture; rebate program continues
Summary
City staff recommend taking the 3% base property tax increase, recapturing 1% foregone growth and recognizing new construction revenue limited by House Bill 389; the proposed budget continues a property tax rebate program for qualifying circuit‑breaker participants but drops an in‑home childcare rebate provision.
City staff told the council that the FY26 proposed budget includes the full 3% allowable base property tax increase and additional options for recapturing prior foregone amounts and capturing new construction value, subject to state limits.
Eric (city staff member) said the package includes a 3% base increase, which translates to roughly $5.7 million ongoing for the General Fund, plus taking a 1% foregone amount tied to prior lower increases that would add about $2.0 million ongoing. Staff also forecasted capturing roughly $6.4 million attributable to new construction and related items, noting that House Bill 389 reduces the taxable share of new…
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