Legislature OKs $126 million plan to buy Hewlett-Packard's Boise campus
Last edited Mon Apr 3, 2017, 06:35 AM - Edit history (1)
The Idaho House and Senate have approved a measure authorizing the state to buy the Hewlett-Packard campus in Northwest Boise for state offices.
But the Senate has not taken up a related House bill that would prohibit local property-taxing districts from getting other taxpayers to make up the revenue the districts would lose from a state takeover. That bill appears likely to die if the Legislature adjourns its 2017 session as now expected on Wednesday.
HP pays about $1.5 million in taxes per year to the city of Boise, the West Ada School District and other taxing jurisdictions.
Idaho plans to sell bonds to raise the $110 million it expects to pay for the HP campus. The state plans to spend an additional $16 million for renovations.
Read more here: http://www.idahostatesman.com/news/politics-government/state-politics/article141320373.html