this is a renewal of the existing levy

Last legislative session, HB 292 provided tax relief for Idaho residents. This is being achieved by providing school districts state funds to pay down bonds and/or levies. As our district currently has two bonds in repayment, the $1.6 million we are receiving from the state will be applied to our bond payments to provide tax relief. In addition, the district received $300k in levy equalization money that will also be applied to our bond payments. Even though the supplemental levy rate is staying the same on the proposed levy, the overall tax rate from the school district will be decreasing due to the additional funds received from the state.

Supplemental Levy in the amount of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000) per year for two (2) years, commencing with the fiscal year beginning July 1, 2024 and ending June 30, 2026.

The estimated average annual cost to the taxpayer on the proposed levy is a tax of $81.64 per $100,000 of taxable assessed value,  per year, based on current conditions. The proposed levy replaces an existing levy that expires on June 30,2024, and that currently costs $81.64 per $100,000 of taxable assessed value. Therefore,if the proposed levy is approved, the tax per $100,000 of taxable assessed value is not expected to change.