RE: Idaho's Financial Crisis

["Ron Force" <rforce@moscow.com>]

Or, have the legislature rescind the tax cuts they voted to business,
industry, and individual income taxes in excess of the Governor's original
proposals.

Sure. Right. Fat chance.

********************************************
Ron Force	      	  rforce@moscow.co
Moscow Idaho USA
********************************************


> -----Original Message-----
> From: John Danahy [mailto:JDANAHY@turbonet.com]
> Sent: Friday, October 19, 2001 12:55 PM
> To: Vision2020
> Subject: Idaho's Financial Crisis
>
>
> An article in today's Spokesman Review outlined the continuing financial
> crisis facing the State of Idaho.  It appears now that the projections for
> state income from tax receipts was severely off.  It is likely that even
> after Governor Kempthorne's executive order to hold back 2% of state
> funding, that Idaho will still end up 30 to 40 million in the red.  The
> article went on to discuss, among other things, the likelihood of
> reductions
> in school funding next year.
>
> If state funding for schools is a concern for the legislature,
> the quickest
> and easiest way to solve the state level funding issue is to eliminate
> former Governor Batt's property tax give back.  This would result in an
> immediate increase in local property taxes of 1 mil of total district
> property tax value.  For residents of the Moscow School District,
> this would
> mean an approximate property tax increase of between $750,000 and
> $1,000,000
> depending on total assessments.  These numbers are only approximates!
>
> I know some of our legislators read and contribute to this list and
> considering the number of property tax bond issues before the voters this
> November, I would like to hear their insight.
>
> John
>
> John and Laurie Danahy
> jdanahy@turbonet.com
>