In 2020, a governor-issued 5 percent “holdback” for FY21 led to $98.7 million in cuts to K-12 schools and $96.5 million in cuts to other public services. Policymakers are expected to restore just half of the K-12 cuts with state revenue but those plans have not yet been approved.
In March 2020, a governor-issued 1 percent “holdback” for the remainder of FY20 resulted in $19 million in cuts to K-12 schools, $16.6 million in pay freezes for state employees as well as a general hiring freeze, and various other savings in state agencies.
Read the full report here: Excluding Budget Cuts, Idaho’s FY21 Budget Surplus is $277 Million
The Child Tax Credit Provides Tax Relief to All Families with Children
- The Child Tax Credit (CTC) is a tax incentive that provides tax relief for families with children. It is offered by the federal government
