That drew laughter, but things really were that desperate, after state revenues dropped 15 percent in a single year, with 10 percent of that drop from an economic downturn and 5 percent from income tax cuts that lawmakers approved in 2001 just before the downturn. Youtz noted that the state’s budget stabilization fund was among those drained at the time. “It was not quite zero – we had about $34 in it,” he said. Now, with stronger state revenues, the budget stabilization fund is refilling.
Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.
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