HOUSE CLEARS BILL TO BOLSTER STATE’S RESERVE FUNDS, REFORM FISCAL PROCESS

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Dustin Hurst reports that, on a 40-27 tally Friday morning, the Idaho House of Representatives cleared a measure backers say will help the state fill reserve accounts, as well as focus on matching revenues to expenditures.

The legislation, sponsored by Rep. Dennis Lake, R-Blackfoot, heads to the Senate for consideration.

In the budget process, any excess revenues from one year are automatically carried over into the next year, a process Lake wants to end. His bill, instead, would require a year-end deposit of extra money into the state’s rainy day fund. …

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