Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Wednesday, October 16, 2019  Spokane, Washington  Est. May 19, 1883
Partly Cloudy Day 61° Partly Cloudy

Eye On Boise

Joint committee prepares to vote on state revenue estimate

The Legislature’s joint Economic Outlook & Revenue Projection Committee is meeting this afternoon to make its decision on a revenue forecast, for purposes of the state budget for next year. Gov. Butch Otter’s forecast came in at 5.4 percent general fund revenue growth for the current year, fiscal 2017; 4.6 percent for next year, fiscal 2018; and 4.8 percent for fiscal 2019. That’s $3.354545 billion for the current year; $3.507437 billion for fiscal year 2018; and $3.677531 billion for fiscal 2019.

Members of the joint revenue committee each made their own estimate. The median of those estimates came in 3 percent below the governor’s estimate for the current year, at 5.1 percent growth; for fiscal year 2018, it was about $16.8 million above the governor’s forecast, at 5.4 percent growth; and for fiscal year 2019, the committee median again was above the governor’s forecast, at 4.8 percent growth. That’s $3.3449 billion for the current year; $3.5242 billion for fiscal 2018; and $3.7188 billion for fiscal 2019.

The key figure is the fiscal 2018 revenue, as that's the year lawmakers will be budgeting for during this year's session.




You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Eye On Boise
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.

Follow Betsy online: