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Eye On Boise

December state revenues beat forecasts, state in ‘an era of stability’

Legislative budget director Cathy Holland-Smith addresses the Idaho Legislature's joint committee on revenue and the economy on Friday morning (Betsy Russell)
Legislative budget director Cathy Holland-Smith addresses the Idaho Legislature's joint committee on revenue and the economy on Friday morning (Betsy Russell)

Preliminary figures show December state tax collections beat forecasts, legislative budget director Cathy Holland-Smith told lawmakers on the joint Economic Outlook & Revenue Assessment Committee this morning. A new forecast will be out next week, but compared to the last forecast from August, that puts the state’s general fund revenue $9.37 million ahead of forecast for the fiscal year. “Both November and December have inched upward,” Holland-Smith said.

Only about $7 million in supplemental budget requests are pending, down from the usual $30 million-plus; they include $2 million for universities for security costs in the wake of the guns-on-campus bill lawmakers passed last year and another $2 million to continue funding the troubled Idaho Education Network. Some agencies had significant year-end reversions at the end of the fiscal year, including $9.1 million from Medicaid, due to a change in timing in federal rules.

“So in the end, we’re about $8.3 million ahead,” Holland-Smith told lawmakers. “This tell us … that we’re in an era of stability. We’re not reacting quickly either to big surpluses or big deficits, which does give us an opportunity to look at some longer-term issues.”



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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