Betsy Russell reports Idaho state tax revenues came in $10 million below projections in October, for a year-to-date $6.9 million below forecast, a 0.8 percent lag. After accounting for amounts the Legislature must reimburse deficiency accounts for fires, pests and hazardous material incidents, the state now looks on track to end the fiscal year with a $30.1 million balance, $25.7 million more than was anticipated when the legislative session adjourned last spring. You can read the DFM’s general fund revenue report for October here, and the Legislature’s General Fund Budget Monitor here; both look at the impact of the October numbers. In a few minutes, the Legislative Council will hear a state budget update from Cathy Holland-Smith, manager of budget and policy analysis.
The Idaho Legislature’s 2025 Income Tax Relief Package Left Middle-Income Families Behind
- The Idaho Legislature is responsible for allocating millions of tax dollars each year to support Idaho’s families, businesses, schools, and communities. Over the last
