Idaho closes budget year with $94M more than projected

Jul 18th, 2017 | By | Category: Government
A bicyclist rides in front of the Idaho Capitol in Boise, Idaho, on Sunday, June 29, 2014. (AP Photo/Rachel La Corte)

A bicyclist rides in front of the Idaho Capitol in Boise, Idaho, on Sunday, June 29, 2014. (AP Photo/Rachel La Corte)

BOISE, Idaho (AP) — Idaho officials say the state has closed out the budget year with tax revenue exceeding forecasts by nearly $94 million.

Gov. C.L. “Butch” Otter on Friday praised the state’s disciplined fiscal policies for the budget surplus. For fiscal year 2017 — which ended June 30 — the state took in almost $3.45 billion compared with the predicted $3.35 billion.

Earlier this year, lawmakers extended the state’s so-called surplus eliminator, a policy that diverts leftover state revenue funds into both rainy-day funds and transportation projects. According to the state, the rainy-day account now hovers around $318.7 million.

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One Comment to “Idaho closes budget year with $94M more than projected”

  1. Brenda Goodwin says:

    Seriously our teachers in school district 25 and all the classified staff could use a decent thank you from the state in the form of a decent raise. Most of these people are tireless excellent teachers, aids, bus drivers, cooks, etc. who love kids and so they hang in there despite the insulting low wages they are paid. It is just sad. How about it????

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