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Idaho governor eyes tax relief with budget surplus

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Posted at 3:22 PM, Oct 09, 2020
and last updated 2020-10-09 17:22:57-04

Idaho Gov. Brad Little says he's looking at potential tax relief and investments in education and transportation after higher-than-expected tax revenues resulted in a projected $530 million budget surplus.

The Republican governor said Friday that September revenue came in $33 million ahead of what had been forecast. Idaho tax revenue is 10% more this fiscal year than last year despite the coronavirus pandemic. Little attributed the surplus to conservative budgeting and regulation cuts.

He says the big budget decisions will be made when the Legislature returns to the Statehouse in January.