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)
