Update: Idaho Surplus > $108M

The final state tax revenue figures are in for the fiscal year, and with June’s revenues $9 million below the forecast, or 2.9 percent below, the final outcome for the year was 8.6 percent growth in general fund revenue – which is $92.3 million more than was forecast. When additional funds reverted from agencies that didn’t spend part of their allocations is added in, the state’s year-end surplus comes to just over $108 million. Under legislation lawmakers approved this year, it’s all already spoken for – Half, or $54.2 million, will go the Budget Stabilization Fund, the state’s main rainy-day savings fund; and the other $54.2 million will go to the Strategic Initiative Program Fund, a transportation funding program/ Betsy Russell , Eye on Boise. More here .

DFO: Izzit just me — or do the governor’s office and the Idaho Legislature always under-estimate revenue?