ID H0842

Caps total annual budget increases at 8% for most taxing districts, but allows cities under 30,000 population and fire/ambulance districts serving such cities to increase budgets up to 15%

Increases the annual rate for recovering forgone tax increases for maintenance and operations from 1% to 2% per year

Eliminates the ability for taxing districts to accumulate new forgone increases after property tax year 2026, while allowing recovery of forgone amounts reserved prior to that date

Allows city and county voters to reduce base budgets through the initiative process, with approval thresholds of 60% for cities and 66⅔% for counties

Declared an emergency measure with retroactive application to January 1, 2026