Idaho projected to see $139 million surplus

Posted at 1:59 PM, Dec 08, 2016
and last updated 2016-12-08 16:00:24-05

Idaho is on track to finish the fiscal year with $139 million more tax revenue than the 2016 Legislature predicted, if the latest forecast holds true.

According to revenue projections released Thursday, Idaho should take in nearly $3.26 billion from state tax and fees for the fiscal year ending June 30, 2017. The amount is $92 million more than what lawmakers originally estimated during this year's legislative session.

Multiple factors could still change the economic outlook between now and the end of the fiscal year. However, the early projections show Idaho is poised yet again to receive a $139 million-plus surplus since the state began recovering from the economic recession.

According to legislative analysts, the last time Idaho saw a similar budget surplus was in fiscal year 2012.

(by Associated Press)