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Thursday, August 22, 2019  Spokane, Washington  Est. May 19, 1883
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News >  Idaho

Lawmakers see Idaho revenue projections lower than governor

UPDATED: Fri., Jan. 11, 2019, 9:20 p.m.

Idaho Gov. Brad Little delivers his State of the State address inside the house chambers at the state Capitol building, Monday, Jan. 7, 2019 in Boise, Idaho. (Otto Kitsinger / AP)
Idaho Gov. Brad Little delivers his State of the State address inside the house chambers at the state Capitol building, Monday, Jan. 7, 2019 in Boise, Idaho. (Otto Kitsinger / AP)
Associated Press

BOISE – A pair of budget-related committees accepted Gov. Brad Little’s projected revenue of $3.75 billion for the current fiscal year, but reduced it for the following year.

The Joint Finance-Appropriations Committee on Friday accepted a report from the Economic Outlook and Revenue Assessment Committee that met the previous day.

Lawmakers reduced revenue projections by about $100 million to $3.96 billion for fiscal year 2020 compared with Little’s projections.

Lawmakers expressed some uncertainty concerning tax revenues due to changes in tax laws, and worries about a potential economic slowdown.

Lawmakers determine forecasts early during the legislative session so they can begin hashing out if they will also approve Little’s budget priorities.

It’s possible the Joint Finance-Appropriations Committee will adjust the numbers next month as more economic information comes in.

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