Note that in 1994, the Gov. & ID Legislature assumed responsibility
for .1% of local M&O for $44 million. (Since no additional state
rev. were generated beyond the growth in the base, this is where the
state employees raises have gone.) With increases in property
values, today each .1% property tax rate for school M&O is worth
about $50-60 million, so all three are worth about $150-180 million
per year of money from property tax that would be left unaccounted
for in the school districts' budgets by 2001.
The short title of this initiative is "Initiative to incrementally
phase out property tax levy for public school maintenance and
operation by the year 2001."
Steve Cooke
Associate Professor
Dept. of Ag. Economics & Rural Soc.
University of Idaho
Moscow, ID 83843
http://www.uidaho.edu/~scooke/
208-885-7170 (phone)
208-885-5759 (fax)