Pursuant to Idaho Code section 50-1045, there is hereby created in the office of the city clerk a fund to be designated as the "municipal property tax relief fund". Any revenues collected under this chapter in excess of the amount budgeted by the city council for the use of said revenues, shall be placed by the city clerk into the municipal property tax relief fund. Such excess revenues shall be used to replace city property taxes in the ensuing fiscal year by the amount of all excess revenues placed in said municipal property tax relief fund. (Ord. 938, 12-17-2015)