The Legislature's General Fund Monitor for November is out, and it puts into perspective the November state tax revenues, which came in $5.4 million below projections, making a cumulative shortfall below projections for the fiscal year to date of $16.2 million, or 1.6 percent. Lawmakers budgeted for well below the projected amounts, however. What the numbers mean: Idaho is looking at a year-end surplus of roughly $156.7 million in its general fund.
That's the difference between the ending balance lawmakers expected to have at the end of the fiscal year and the amount they're now projected to end up with, if the Legislature covered all fire, hazard and deficiency costs already incurred. It doesn't take into account supplemental budget requests for the current year that lawmakers will consider when they convene in January, but those total only about $30 million. You can see the November General Fund Monitor here.
Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.
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