Tag Archives: Division of Financial Management
New Idaho economic forecast predicts higher tax revenue
A new state economic forecast predicts Idaho will take in $2.6 billion during the current budget year, a slight increase from earlier predictions, though it also cautions that the economy is still recovering slowly. “The Idaho economic outlook turned unseasonably … Continue reading
March tax revenues above expectations, continuing trend
Idaho’s general fund tax revenues for March are $3.9 million above projections, which is the eighth time in nine months that revenues have topped projections. The state is now $60 million above projections for the current fiscal year, which ends … Continue reading
Budget writers reject additional cuts to Otter and his budget staff
Idaho lawmakers writing the budget will follow Gov. Butch Otter’s recommendation to trim $20,400 from his budget, saying no to a plan that would triple that reduction. Lawmakers on the Joint Finance-Appropriations Committee (JFAC) also agreed to follow the Otter’s … Continue reading
Separate director for human resources won’t send budget over the top
Gov. Butch Otter’s decision to appoint a separate head of his Division of Human Resources (DHR) shouldn’t topple the division’s budget, according to his staff. Otter appointed deputy administrator Vicki Tokita on Tuesday to be the administrator. She replaces Wayne … Continue reading
JFAC accepts revenue committee’s projections
Idaho’s Joint Finance-Appropriations Committee (JFAC), which writes the state budget, accepted on Friday tax revenue recommendations the Economic Outlook and Revenue Assessment Committee (EORAC) set on Thursday. The recommended revenue target follows figures in the governor’s budget, though lawmakers will … Continue reading
State agencies release new data on unemployment, tax revenues
Unemployment down in Treasure Valley, up in Coeur d’Alene The unemployment rate in August declined in the Treasure Valley and Idaho Falls, but increased Coeur d’Alene. New data from the Idaho Department of Labor shows that Coeur d’Alene remains the … Continue reading
Idaho’s chief economist retiring
Idaho chief economist Mike Ferguson, the man responsible for projection the state’s tax revenues, is retiring at the end of the month after two decades in that position. The revenue projections from Ferguson and the governor’s Division of Financial Management … Continue reading
State budget could fall into the red, according to budget chief
Idaho’s state budget could topple out of balance due to potential gaps in funding, according to Wayne Hammon, the administrator of the governor’s Division of Financial Management (DFM). Hammon identified several spending programs, including Medicaid, that could need more funding … Continue reading
Final April tax numbers show $56 million shortfall
Final Idaho tax revenue numbers show Idaho took in $56 million less than expected in April, the largest month for tax collections. That’s slightly higher than preliminary reports showing a $55.5 million shortfall. Idaho is now $83.1 million below tax … Continue reading