Resolution - 2024 - 24-10 - Reserving Forgone For Fy 2025 - 08/13/2024RESOLUTION 24-10
RESOLUTION OF THE CITY OF EAGLE TO RESERVE FORGONE
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EAGLE, IDAHO, RESERVING
THE FORGONE AMOUNT FOR FISCAL YEAR 2025 FOR POTENTIAL USE IN
SUBSEQUENT YEARS AS DESCRIBED IN IDAHO CODE 63-802.
WHEREAS, Idaho Code 50-235 empowers the City Council of each City to levy taxes for
general revenue purposes; and,
WHEREAS, Idaho Code 50-1002 requires the City Council of each City in the State of Idaho
to pass a budget, referred to as an annual appropriation ordinance; and,
WHEREAS, Idaho Code 63-802 sets limitations on all taxing district budget requests on the
amount of property tax revenues that can be used to fund programs and services; and,
WHEREAS, Idaho Code 63-802(1)(f) requires that the City adopt an annual resolution to
reserve additional forgone amount in order to utilize that amount in subsequent years; and,
WHEREAS, the City has met the notice and hearing requirements in Idaho Code 63-802(1)(f)
to reserve the current year's increase in the forgone amount; and,
WHEREAS, the City intends to reserve $148,640 of its current year's increase in allowable
forgone amount.
NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF EAGLE,
IDAHO, that $148,640 of the current year's allowable increase in its forgone amount is
reserved and included in the City of Eagle's total forgone balance for potential use in
subsequent years.
PASSED by the EAGLE CITY COUNCIL on the 13' day of V
2024.
CITY OF EAGLE, IDAHO
Ada County, Idaho
BRAD PIKE
MAYOR
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CITY CLERK / DEPUTY TREASURE •'1:;°q;;;.°••IP .s:
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