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

Eye On Boise

May revenues increase boosts to transportation, state savings

With the additional $9.5 million surplus Idaho’s state general fund tax revenues built up in May, the estimates for the amounts that this year’s transportation bill – which splits a “surplus eliminator” between additional transportation work and the Budget Stabilization Fund, the state’s main rainy-day savings account – have risen. Now, transportation projects are due $49.3 million above the $95 million that lawmakers already approved from a gas tax increase and fee hikes. And the stabilization fund, with an additional $49.3 million boost plus other required deposits, is now scheduled to get a $77.5 million bump at the close of the fiscal year June 30.

The May revenues pushed the state’s general fund surplus for the year up to $101.3 million; you can read more here in the Legislature’s monthly General Fund Budget Monitor.

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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