Tag Archives: FY11 Budget
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
Budget surplus ticketed to education, taxpayers
Idaho’s state budget closed with an $85.3 million surplus during the last year, and most of that money is already accounted for, heading to schools or taxpayers on their next income tax return. Almost $60 million of the money will … Continue reading
April tax revenues exceed expectations
April tax revenues can be the make-or-break month for Idaho’s state budget, and this year’s budget appears to be safe, as revenues were almost $14 million above expectations. That gives the state close to a $74.2 million surplus for the … 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
Ag asking for more money for invasive mussel program
The Idaho State Department of Agriculture (ISDA) needs $153,600 in state money to pay for inspecting boats for invasive mussels that can harm aquatic life and equipment. Inspections for out-of-state vehicles is supposed to be paid by fees on boat … Continue reading
Better January tax numbers could brighten budget picture
An uptick in Idaho tax collections in January could stave off large cuts in the state budget, though the additional $150 million hole remains in place. Lawmakers are working on a plan to reduce that hole before starting to write … Continue reading
Unexpected tax changes blow $150 million hole in budget
Lawmakers grappling with tough budget decisions will need to find another $150 million in revenue or spending reductions to balance the budget for the next 18 months. Gov. Butch Otter and the leaders of the Idaho House and Senate announced … 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
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
Otter, legislative leaders predict tough session focused on budget (video)
The looming legislative session will be a difficult one, according to Gov. Butch Otter and the leaders of the Idaho House and Senate. The state’s political leaders say the session will be largely focused on the state budget, which faces … Continue reading