Here's a news item from the Associated Press: BOISE, Idaho (AP) ― Idaho ended the 2012 fiscal year with more revenue than forecast in January, allowing the state to replenish reserves to nearly $90 million after draining the rainy day funds since the economy soured in 2008. The state said Friday it booked $2.59 billion in receipts through June, amounting to about $35 million more than anticipated. That's a 5.9 percent increase over the 2011 fiscal year. With the 2013 budget balanced, the excess has been deposited into four rainy day funds, including public education reserves that now total about $37 million. Acting state controller Brandon Woolf said in a statement accompanying the final year's revenue announcement that Idaho's fiscal house is in good order. Sales tax for the year came in at $1 billion, about 1.4 percent more than expected.
You can read the June state general fund revenue report here, from the Idaho Division of Financial Management.
Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.
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