ID S1249

Amends Idaho Code Section 63-802 to clarify budget increase limitations for taxing districts, allowing a maximum 8% total budget increase based on the highest certified amount from the prior three years plus up to 3% growth factor.

Exempts property tax revenue increases resulting from termination, deannexation, or plan modification of urban renewal district revenue allocation areas from the 8% budget limitation cap.

Allows nonschool taxing districts to recover previously forgone budget increases in future years through public hearing and resolution, with different recovery rates for maintenance/operations (1% per year) versus capital projects (3% of budget).

Establishes that when fire protection districts annex city property, the city must subtract moneys previously spent on fire protection services from its budget limitation in the following year.

Declares the act an emergency measure effective immediately upon passage and approval, with retroactive application to January 1, 2022.