Tag Archives: EORAC

Lower 2013 revenue target may force lawmakers to choose from Otter’s budget initiatives

On Tuesday, members of the Economic Outlook and Revenue Assessment Committed projected Idaho would take in $2.667 billion in fiscal year 2013, a number $33 million less than the figure projected by Gov. Butch Otter. That means that lawmakers may … Continue reading

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Former state economist explains new fiscal center and recent Idaho fiscal activity

Mike Ferguson, the official top Idaho economic forecaster for 26 years, is turning his focus back to tax revenues.  Ferguson, the former state chief economist, is leading the new Idaho Center on Fiscal Policy, which aims at shaping future discussions … Continue reading

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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

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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

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Lawmakers follow governor’s budget target

A panel of lawmakers agreed to Gov. Butch Otter’s Idaho tax revenue projections, but reserved the right to change its recommended target if tax revenues tumble or surge. Gov. Butch Otter’s proposed budget expects tax revenues to grow by 4.2 … Continue reading

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Revenue side of balancing budget could be set Thursday

Bullish predictions for Idaho’s economy and tax collection during the next 18 months are key to Gov. Butch Otter’s proposed budget, and lawmakers will have the chance Thursday to sign off on the governor’s recommendations or adjust them up or … Continue reading

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Bayer says candidacy for majority leader spot is in preparation for bad budget year

Rep. Cliff Bayer, R-Boise, may be looking to inflict a little budgetary pain upon himself. Bayer, set to serve his fifth term in the Idaho House of Representatives, announced last week that he plans to oppose Rep. Mike Moyle, R-Eagle, … Continue reading

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Lawmakers set budget revenue targets

Idaho budget writers have set their revenue targets, which will help determine how much the state can spend during the next 17 months. The Joint Finance-Appropriations Committee (JFAC) chose a $2.28 billion figure for the current budget, and $2.29 billion … Continue reading

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Idaho budget revenue numbers will be set on Friday

Idaho lawmakers will set the revenue targets on Friday that will shape the current and next state budgets. Joint Finance-Appropriations Committee (JFAC) co-chair Rep. Maxine Bell, R-Jerome, said the committee will choose the revenue projections set by a different panel … Continue reading

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JFAC accepts lower tax revenue report

The lawmakers who write the state budget have accepted the tax revenue projections voted on by a different panel of lawmakers last week.  But that forecast could change by the end of next week. The projections from the Economic Outlook … Continue reading

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