Tag Archives FY10 Budget

A $69.6 million transfer from several state funds helped balance the recently-completed Idaho state budget, according to State Controller Donna Jones. “In accordance with law, Idaho’s budget is balanced,” Jones said in a news release.  “Our governor’s and our Legislature’s commitment to fiscal responsibility has enabled Idaho to meet the constitutional requirement of balancing our state budget.” Jones followed a…

Early reports show that Idaho tax revenues are several million dollars below expectations in June, the final month of the last fiscal year for state government. Idaho Division of Financial Management Director Wayne Hammon told IdahoReporter.com that incomplete preliminary numbers show the shortfall is close to $6.7 million, a total that was circulated by legislative staff.  Hammon said the final…

Idaho Gov. Butch Otter said a new report comparing all 50 states’ budget planning shows that Idaho’s recent legislative session was successful. “Our focus is on growing our economy, not growing our budget,” Otter said in a news release.  “We’re determined to put taxpayers’ dollars to the best possible use while maintaining a stable tax and regulatory climate.”  Otter has…

A new report from the nation’s governors and budget officers shows that many states are facing similar budget dilemmas as Idaho lawmakers, including how to handle dwindling tax revenues, rising demands for services, and requirements to balance state spending. The report released Thursday by the National Governors Association (NGA) and National Association of State Budget Officers (NASBO) showed that, on…

Final Idaho tax revenue numbers show Idaho took in $56 million less than expected in April, the largest month for tax collections.  That’s slightly higher than preliminary reports showing a $55.5 million shortfall.  Idaho is now $83.1 million below tax revenue projections from state economists and approximately $14 million below the budget set by lawmakers for the current fiscal year,…

The Idaho Board of Tax Appeals missed a May 1 deadline required by state law to report decisions on appeals by property owners about their land values, though the board could finish its work by the end of the month. “We didn’t meet it,” said director Susan Renfro.  “We’re just working on them and trying to get them out as…

Democratic candidate for Idaho governor, Keith Allred, and a powerful business association have traded competing claims over the state budget approved by lawmakers earlier this year.  The Idaho Association of Commerce and Industry created a website condemning Allred’s stance on the budget, saying if he were governor, the state would be facing an $82 million deficit and higher taxes.  The…

The April tax revenue shortfall numbers likely won’t lead to spending holdbacks in the next year or a special legislative session, according to one of the lead budget writers in the Idaho Legislature.  Sen. Dean Cameron, R-Rupert, said the early report showing April revenues are $55.5 million below the projections of Idaho state economist Mike Ferguson are a sigh of…

Preliminary Idaho tax revenue numbers show that Idaho took in $55.5 million less than projected in April, the state's largest revenue month. April had been called a "make or break" month by lawmakers who put together the state budget. "I have no doubt that our economy is headed in the right direction," Gov. Butch Otter said in a news release…