Eye On Boise

State revenues could be down 8%

Back in August, the governor’s Division of Financial Management estimated that state tax revenues would be down 4.9 percent from last year, a significant drop – but now the figure’s larger. State chief economist Mike Ferguson would only say yesterday that it’s worse; revised revenue estimates haven’t yet been released, but they’re low enough to prompt Gov. Butch Otter to order budget cuts totaling 4 percent so far, with another 2 percent held in reserve. Today, new state legislators, as they were being briefed on how the state budget process works, got a glimpse into the figures. Legislative budget office chief Cathy Holland-Smith stressed that this is nothing but her prognostication on where the figures may end up, but she’s estimating revenues will be down between 7.7 and 8 percent. Idaho’s biggest budget drop in recent memory was a 14.3 percent decline in general fund revenues in 2002.




You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Eye On Boise
Eye On Boise

Short takes and breaking news from the Idaho Legislature and the state capital.








Sections


Profile

Contact the Spokesman

Main switchboard:
(509) 459-5000
Customer service:
(800) 338-8801
Newsroom:
(509) 459-5400
(800) 789-0029
Back to Spokesman Mobile