Idaho’s state tax revenue came in 6.5 percent ahead of forecast in June, closing out the fiscal year with a $92.5 million surplus over the $2.658 billion the state had expected to take in for the year. That’s 3.5 percent; it’s a 6.3 percent increase from the previous fiscal year. The higher-than-predicted tax revenues also triggered legislation sought by Gov. Butch Otter this year to transfer $85.4 million of the year-end balance into the state’s main savings account, the Budget Stabilization Fund. That boosts the total in the account to more than $135 million, a move Otter lauded today/Betsy Russell, SR. More here.
Question: So more money coulda gone to schools and social services, instead of tax breaks for the guv's business buddies? How abou that?