Gov Jim Risch has ordered a special session for the Idaho Legislature to vote on a plan which would change how the state pays for it school funding by cutting property taxes while allowing for a raise in sales tax.
Ã‚Â The newly inaugurated Governor’s plan wouldÃ‚Â erase $260 millionÃ‚Â of property taxes that pay for schoolÃ‚Â upkeep and operations. On the other hand, it would aise $210 million a year by increasing the sales tax a penny to six cents per dollar, starting on October 1.
Click here to see what effect this plan will have on Idaho income taxes: http://www.idahostatesman.com/apps/pbcs.dll/article?AID=/20060804/NEWS01/608040379/1022/NEWS06Ã‚Â
Ã‚Â To read more about Governor Risch’s proposed property tax relief click here: http://gov.idaho.gov/property_tax_relief_info.htmlÃ‚Â