Boise residents may not see as large a property tax increase as city leaders initially proposed.
The city announced Tuesday that it has revised its proposed Fiscal Year 2027 budget after receiving new financial information that improved its fiscal outlook by approximately $2.9 million.
Just weeks ago, city leaders proposed what would have been the largest property tax increase allowed under Idaho law at 4%. Under the revised proposal, the city would raise the property tax by 2.7%.
WATCH: Why Boise is backing off a proposed property tax increase
Mayor Lauren McLean said stronger-than-expected new construction values, higher returns from an urban renewal district and lower-than-anticipated costs allowed the city to reduce the proposed increase…