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Idaho Finance Department requests six new examiners; governor declines two consumer-investigator positions

2217625 · January 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Department of Finance presented a base-budget review and asked for six new full-time positions to boost IT, cybersecurity and examination capacity. The governor recommended most requests but left out two Financial Investigator 3 positions for the Consumer Finance Bureau.

The Department of Finance asked the Joint Finance Appropriations Committee on Jan. 21 for six new full-time positions and $816,600 drawn from the agency’s state regulatory funds to expand examination and cybersecurity capacity.

Noah Peterson, a budget and policy analyst with the Legislative Services Office, reviewed the agency’s request and noted the Department of Finance is organized as one program with three bureaus — the Financial Institutions Bureau, the Consumer Finance Bureau and the Securities Bureau — and has 72 full-time personnel. Peterson said the materials and line-item numbers are in the legislative budget book (LBB pages 5-025B and 5-0025C).

The agency proposed six…

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