Idaho lawmakers worry law changes could impact state tax revenues

Posted at 10:53 AM, Jan 11, 2019
and last updated 2019-01-11 12:53:50-05

BOISE — A pair of budget-related committees in the Idaho Legislature has accepted Gov. Brad Little's projected revenue of $3.75 billion for the current fiscal year -- but reduced it for the following year.

The Joint Finance-Appropriations Committee on Friday accepted a report from the Economic Outlook and Revenue Assessment Committee that met the previous day.

Lawmakers reduced revenue projections by about $100 million -- to $3.96 billion for fiscal year 2020, compared to Little's projections.

Lawmakers expressed some uncertainty concerning tax revenues due to changes in tax laws, and worry about a potential economic slowdown.

Lawmakers determine forecasts early during the legislative session, so they can begin hashing out if they will also approve Little's budget priorities.

It's possible the Joint Finance-Appropriations Committee will adjust the numbers next month, as more economic information comes in.

(by Associated Press)