Eye On Boise

The ups and downs of Idaho’s budget reserve funds…

Members of the Idaho Legislature's joint budget committee listen to presentations Thursday; from left are Rep. Jim Patrick, R-Twin Falls; Sen. Nicole LeFavour, D-Boise; and Rep. Shirley Ringo, D-Moscow. (Betsy Russell)
Members of the Idaho Legislature's joint budget committee listen to presentations Thursday; from left are Rep. Jim Patrick, R-Twin Falls; Sen. Nicole LeFavour, D-Boise; and Rep. Shirley Ringo, D-Moscow. (Betsy Russell)

Idaho's various reserve funds hit a high of $393 million total at the end of fiscal year 2008, but now they're projected to be at $30.4 million by the end of the current fiscal year on June 30. That includes the unendowed portion of the Millenium Fund, which comes from tobacco proceeds; the economic recovery reserve fund, which basically has been spent all the way down; the public education stabilization fund, which had $11 million on June 30, 2011, and is projected to have $15.5 million by the end of this fiscal year; the budget stabilization fund, also spent down; and the governor's emergency funds, which stand at $3 million.

Legislative budget analyst Ray Houston told JFAC, "It took you five years to get up to $400 million, and it took you four years to get down to $30 million."




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Betsy Z. Russell
Betsy Russell covers Idaho news from the state capitol in Boise and writes the Eye on Boise blog.

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