Idaho's projected budget surplus climbs to $1.6 billion [View all]

BOISE (AP) — Idaho’s budget surplus is estimated to be $1.6 billion, financial analysts said.

The Division of Financial Management in a news release Thursday said general fund revenues for the first five months of the fiscal year that started in July are $255 million above projections.

The agency said the record surplus comes from an $890 million ending balance for fiscal year 2021, which ended June 30, combined with another $720 million from the increased revenue forecast.

State officials said the $1.6 billion surplus could change up or down based on monthly revenue collections going forward.

Read more: https://magicvalley.com/news/local/govt-and-politics/idahos-projected-budget-surplus-climbs-to-1-6-billion/article_c1527a4b-15a3-5518-b5ab-efea5fc3e0fe.html