ID S1108

Revises the maximum property tax revenue calculation for taxing district budgets, allowing districts to use the highest dollar amount certified in any of the three preceding tax years and increase it by up to 3% plus new construction and annexation revenue.

For fire protection districts annexing property prior to July 1, 2021, allows 100% of annexed property value to be included in budget calculations instead of the standard 80% threshold, with cities required to offset their budgets by fire protection costs transferred to the district.

Clarifies that districts without a levy for three or more years may base budget calculations on the last year a levy was imposed rather than the highest of three preceding years.

Exempts school district levies imposed under section 33-802 and cooperative service agency levies under sections 33-317 and 33-317A from the budget limitations.

Allows districts budgeting less than the maximum allowable increase to reserve and recover forgone increases in subsequent years, with total increases capped at 4% without voter approval at 66⅔% majority.