The Idaho House Revenue and Taxation Committee has scheduled a hearing on Wednesday morning for a bill aimed at reforming the state’s urban renewal laws, first passed 45 years ago to help cities improve blighted areas and boost economic development.
Existing districts fear some of the 26-page bill’s proposed changes could hamper their ability to sell bonds for their projects by triggering a requirement for them to ask voters first.
Meanwhile, urban renewal agency critics say the measure falls short of boosting public oversight of districts they believe horde their cash to help them expand beyond their original purposes. (AP)
