Notice is hereby given that the City Council of the City of Orofino will hold a public hearing for the consideration of accruing foregone tax (i.e., reserving the right than the 3% increase to recover foregone tax) for the fiscal year ending September 30, 2021, pursuant to Idaho Code 63-802 (1) (f). Foregone tax equates to the amount of property tax the Council elects to not levy for amounts that are less than the 3% increase as permitted for the 2021 fiscal year. Foregone taxes may be levied in future years if the City Council deems appropriate. The public hearing will be held at the Orofino City council Chambers, located at 217 First Street, Orofino, Idaho on August 25, 2020 beginning at 6:00 pm. At the public hearing interested individuals may testify for or against the foregone tax accrual. The potential amount of the foregone will not exceed 3% of the prior year’s base property taxes and will be in the amount of $38,210.


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