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Analyst: Idaho General Fund shaping for FY2025–26 after recent tax bills; uncertainty remains
Summary
Budget analysts told JFAC that after recent bill activity the projected FY2025 ending general fund balance is about $442 million and the committee set a $6.4 billion revenue number for 2026, but several bills and supplementals still affect the out-year picture.
Keith Bybee, division manager for Budget Policy Analysis with the Legislative Services Office, updated the Joint Finance-Appropriations Committee on March 7 on the state's General Fund outlook for fiscal years 2025 and 2026.
Bybee said that after adding Department of Corrections supplementals the current projected FY2025 ending balance is about $442 million but cautioned there are still many moving parts and a number of bills that will affect both years. He said the committee…
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