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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Eye On Boise

November revenues up; state budget surplus grows…

Idaho’s general fund tax revenues came in higher than expected in all categories in November, running 3.7 percent ahead of forecasts and 4.4 percent higher than the same month a year earlier. That puts year-to-date state tax collections 0.5 percent ahead of projections, and 5 percent higher than the previous year. You can see the full General Fund Revenue Report here from the governor’s Division of Financial Management.

Meanwhile, the Legislature’s General Fund Budget Monitor reports that the latest revenues mean an even bigger state surplus: After accounting for the statutory distribution to the Budget Stabilization Fund of $8.5 million and assuming lawmakers fund all supplemental appropriation requests from state agencies, the new estimated ending balance for the fiscal year comes to $113.9 million, which is $102.3 million more than was anticipated when lawmakers adjourned their last session last spring. You can read the full Budget Monitor here.

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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