Nampa Idaho Form 4852 2020-2025

Nampa Idaho Form 4852: What You Should Know

The city is very strong and very much a family city at  least for now, in the face of some bad headlines and an economic slowdown in this recession ridden area of  the state. The city of Nampa doesn't rely on federal aid to survive — it relies on many sources of federal assistance.  The city relies on the National Forest Service for a good portion of its annual budget. There are  two local sources — one is the state of Idaho as the recipient of federal money for forestry, the other  is the city.  We rely on federal government aid to a far greater extent than the state of Idaho, and it makes perfect  sense given the size and strength of our city. The main funding sources are federal grants, contracts, revenue bonds and sales taxes.  These dollars are used for projects that support various City Parks, the fire and police Departments, the  Nampa Police Department, local road maintenance, and other areas that are a major priority for the city (for  example, improving Nampa River Walk). In some cases it's as simple as fixing a pothole. All projects  come from our city and are coordinated locally by the City Manager and then through the city council. The  city gets about 200,000 annually in local sales tax. City taxes and income tax vary widely based on income — but in Idaho, the tax rate varies considerably  based on home value — it can be more expensive to live in Boise than Nampa.  Income tax rates are generally lower than property tax rates and a majority of our tax revenue is from  land — but we use a third of all our revenue (about 15% or so) as a cash flow reserve. A lot of people think  that the City is using its funds on projects that won't pay off — but this is all an illusion. With our  large cash reserve, even without tax revenue, we can continue to operate and pay employees because of the  subsidies from our lease agreements with the Idaho State Lottery, lottery payments, state lottery, grants and other  subsidies. We use these reserves to pay for day-to-day costs like electricity, street maintenance and all other  necessary expenses.

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