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Spokane, Washington  Est. May 19, 1883

Eye On Boise

State surplus grows to $113.6 million

Idaho's projected year-end balance at the end of the current fiscal year June 30 - the state surplus - is now up to $113.6 million, according to the latest edition of the General Fund Budget Monitor, which is published by the Legislature's budget office; you can read it here. That's because January's state tax revenue was up $13.2 million or 5.2 percent from last January; cumulative fiscal year to date collections are now $83.5 million or 5.8 percent more than last year.

Those are the same figures that show January's state tax revenue came in $6.3 million ahead of forecasts. According to the Budget Monitor, "Taking this revenue monitoring number into account, the amount the Legislature reimbursed deficiency accounts for fires, pests, and hazardous material incidents that occurred in the last fiscal year, and accounting for pending supplementals, the current year estimated ending balance is $113.6 million more than JFAC assumed when it set the budget last session."
 



Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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